Production Possibility Set and Efficiency

Tarja Joro and Pekka Korhonen
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Tarja Joro: University of Alberta

Chapter Chapter 3 in Extension of Data Envelopment Analysis with Preference Information, 2015, pp 27-39 from Springer

Abstract: Abstract Many concepts used in DEA are adopted from production economics. One of those concepts is production function f: ℜ m → ℜ(y = f(x)), where vector x represents inputs and y is one-dimensional output. In this case, it is assumed that a DM can control inputs x. There are possibly other inputs, which are non-controllable. They are taken into account in the structure of function f. Moreover, the term cost function is used to refer to the case, in which there are many outputs and one input, and the DM is assumed to control the outputs, i.e., c: ℜ s → ℜ (x = c(y)).

Keywords: Efficiency Score; Efficient Frontier; Production Frontier; Projection Direction; Production Possibility (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-1-4899-7528-7_3

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