Ebook: New Efficiency Theory: With Applications of Data Envelopment Analysis
- Tags: Operation Research/Decision Theory, Econometrics, Economic Growth
- Year: 2003
- Publisher: Springer-Verlag Berlin Heidelberg
- Edition: 1
- Language: English
- pdf
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research.
Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of US computer industry, and the relative performance of mutual fund portfolios.
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research.
Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of US computer industry, and the relative performance of mutual fund portfolios.
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research.
Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of US computer industry, and the relative performance of mutual fund portfolios.
Content:
Front Matter....Pages i-ix
New Approaches to Economic Efficiency....Pages 1-14
Sources of Economic Efficiency....Pages 15-51
Cost Oriented Efficiency....Pages 52-69
Competition and Efficiency....Pages 70-100
Growth and Efficiency in Computer Industry....Pages 101-116
Efficiency Under Uncertainty....Pages 117-145
Input Sharing and Efficiency....Pages 146-159
Modeling and Data Problems....Pages 160-174
Back Matter....Pages 175-176
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research.
Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of US computer industry, and the relative performance of mutual fund portfolios.
Content:
Front Matter....Pages i-ix
New Approaches to Economic Efficiency....Pages 1-14
Sources of Economic Efficiency....Pages 15-51
Cost Oriented Efficiency....Pages 52-69
Competition and Efficiency....Pages 70-100
Growth and Efficiency in Computer Industry....Pages 101-116
Efficiency Under Uncertainty....Pages 117-145
Input Sharing and Efficiency....Pages 146-159
Modeling and Data Problems....Pages 160-174
Back Matter....Pages 175-176
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