The Inefficiency of Production Systems and its decomposition

Antonio Peyrache and Maria Silva
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Antonio Peyrache: School of Economics and Centre for Efficiency and Productivity Analysis (CEPA) at The University of Queensland, Australia

No WP052019, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: A production system is a connected network of production processes within a multi-level layer of decision making units which are responsible for allocating resources to the production processes in the different parts of the system. In such a system, inefficiency can arise both during the production process (via inefficient use of resources) and in the distribution process (with a misallocation of resources across the different nodes of the production network). In this paper we propose an encompassing model that quantifies the inefficiency of the system and its component parts.

Date: 2019-03
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