Efficiency Measures

Peter Bogetoft and Lars Otto ()
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Lars Otto: University of Copenhagen

Chapter Chapter 2 in Benchmarking with DEA, SFA, and R, 2011, pp 23-55 from Springer

Abstract: Abstract In Chap. 1, we introduced efficiency as the use of the fewest inputs (resources) to produce the most outputs (services). This idea is fundamental to much of modern benchmarking literature because it allows us to evaluate performance without clearly defined preferences. That is, we avoid the difficult task of estimating preference functions and deciding on exact priorities. We will expand on this below.

Keywords: Production Plan; Malmquist Index; Directional Distance Function; Merger Control; Free Disposability (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4419-7961-2_2

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DOI: 10.1007/978-1-4419-7961-2_2

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