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Benchmarking Economic Efficiency

Benchmarking Economic Efficiency PDF Author: Jesús T. Pastor
Publisher:
ISBN: 9783030843984
Category :
Languages : en
Pages : 0

Book Description
This book unifies and extends the definition and measurement of economic efficiency and its use as a real-life benchmarking technique for actual organizations. Analytically, the book relies on the economic theory of duality as guiding framework. Empirically, it shows how the alternative models can be implemented by way of Data Envelopment Analysis. An accompanying software programmed in the open-source Julia language is used to solve the models. The package is a self-contained set of functions that can be used for individual learning and instruction. The source code, associated documentation, and replication notebooks are available online. The book discusses the concept of economic efficiency at the firm level, comparing observed to optimal economic performance, and its decomposition according to technical and allocative criteria. Depending on the underlying technical efficiency measure, economic efficiency can be decomposed multiplicatively or additively. Part I of the book deals with the classic multiplicative approach that decomposes cost and revenue efficiency based on radial distance functions. Subsequently, the book examines how these partial approaches can be expanded to the notion of profitability efficiency, considering both the input and output dimensions of the firm, and relying on the generalized distance function for the measurement of technical efficiency. Part II is devoted to the recent additive framework related to the decomposition of economic inefficiency defined in terms of cost, revenue, and profit. The book presents economic models for the Russell and enhanced graph Russell measures, the weighted additive distance function, the directional distance function, the modified directional distance function, and the Hölder distance function. Each model is presented in a separate chapter. New approaches that qualify and generalize previous results are also introduced in the last chapters, including the reverse directional distance function and the general direct approach. The book concludes by highlighting the importance of benchmarking economic efficiency for all business stakeholders and recalling the main conclusions obtained from many years of research on this topic. The book offers different alternatives to measure economic efficiency based on a set of desirable properties and advises on the choice of specific economic efficiency models.

Benchmarking Economic Efficiency

Benchmarking Economic Efficiency PDF Author: Jesús T. Pastor
Publisher:
ISBN: 9783030843984
Category :
Languages : en
Pages : 0

Book Description
This book unifies and extends the definition and measurement of economic efficiency and its use as a real-life benchmarking technique for actual organizations. Analytically, the book relies on the economic theory of duality as guiding framework. Empirically, it shows how the alternative models can be implemented by way of Data Envelopment Analysis. An accompanying software programmed in the open-source Julia language is used to solve the models. The package is a self-contained set of functions that can be used for individual learning and instruction. The source code, associated documentation, and replication notebooks are available online. The book discusses the concept of economic efficiency at the firm level, comparing observed to optimal economic performance, and its decomposition according to technical and allocative criteria. Depending on the underlying technical efficiency measure, economic efficiency can be decomposed multiplicatively or additively. Part I of the book deals with the classic multiplicative approach that decomposes cost and revenue efficiency based on radial distance functions. Subsequently, the book examines how these partial approaches can be expanded to the notion of profitability efficiency, considering both the input and output dimensions of the firm, and relying on the generalized distance function for the measurement of technical efficiency. Part II is devoted to the recent additive framework related to the decomposition of economic inefficiency defined in terms of cost, revenue, and profit. The book presents economic models for the Russell and enhanced graph Russell measures, the weighted additive distance function, the directional distance function, the modified directional distance function, and the Hölder distance function. Each model is presented in a separate chapter. New approaches that qualify and generalize previous results are also introduced in the last chapters, including the reverse directional distance function and the general direct approach. The book concludes by highlighting the importance of benchmarking economic efficiency for all business stakeholders and recalling the main conclusions obtained from many years of research on this topic. The book offers different alternatives to measure economic efficiency based on a set of desirable properties and advises on the choice of specific economic efficiency models.

Cloud Computing, Big Data & Emerging Topics

Cloud Computing, Big Data & Emerging Topics PDF Author: Marcelo Naiouf
Publisher: Springer
ISBN: 9783030848248
Category : Computers
Languages : en
Pages : 203

Book Description
This book constitutes the revised selected papers of the 9th International Conference on Cloud Computing, Big Data & Emerging Topics, JCC-BD&ET 2021, held in La Plata, Argentina*, in June 2021. The 12 full papers and 2 short papers presented were carefully reviewed and selected from a total of 37 submissions. The papers are organized in topical sections on parallel and distributed computing; machine and deep learning; big data; web and mobile computing; visualization.. *The conference was held virtually due to the COVID-19 pandemic.

Distributional Cost-Effectiveness Analysis

Distributional Cost-Effectiveness Analysis PDF Author: Richard Cookson
Publisher: Handbooks in Health Economic Evaluation
ISBN: 0198838190
Category : Medical care
Languages : en
Pages : 385

Book Description
Health inequalities blight lives, generate enormous costs, and exist everywhere. This book is the definitive all-in-one guide for anyone who wishes to learn about, commission, and use distributional cost-effectiveness analysis to promote both equity and efficiency in health and healthcare.

Procurement Systems

Procurement Systems PDF Author: Steve Rowlinson
Publisher: Routledge
ISBN: 1135805997
Category : Architecture
Languages : en
Pages : 403

Book Description
Procurement Systems details the whole spectrum of procurement issues in the construction industry, starting with the client /customer and running through managerial, cultural and IT-based issues. The book commences with an overveiw of previous work and a section on selection criteria is provided to enable practitioners to make their choices of procurement form. Importantly, perfromance comparisons of different procurement forms are discussed and the main emphasis of the book is to highlight best practice based on the most up-to-date research. One chapter deals specifically with developmentally orientated procurement issues in NICs (newly industrialised countries), where best practice is assessed from a different set of perspectives. The authors contributing to this book are among the most highly respected and eminent in the field.

Computer-Based Testing and the Internet

Computer-Based Testing and the Internet PDF Author: Dave Bartram
Publisher: Wiley-Blackwell
ISBN:
Category : Psychology
Languages : en
Pages : 280

Book Description
From both beginning and experienced electrical engineers, Rangarao (International Institute of Information Technology, Hyderabad) and Mallik (Indian Institute of Technology, New Delhi) walk readers from grasping the ideas of digital signal processing to implementing them in specific applications. Their case studies are moving from a difference equation to a program, estimating the direction of arrival, and electronic rotating elements. MATLAB and C programs are appended. Annotation :2006 Book News, Inc., Portland, OR (booknews.com).

Nutrigenetics

Nutrigenetics PDF Author: Dolores Corella
Publisher: MDPI
ISBN: 3038429953
Category : Medical
Languages : en
Pages : 231

Book Description
This book is a printed edition of the Special Issue "Nutrigenetics" that was published in Nutrients

Global Administrative Law

Global Administrative Law PDF Author: Javier Robalino Orellana
Publisher: Cameron May, Limited
ISBN: 9781907174049
Category : Administrative law
Languages : en
Pages : 398

Book Description


Guidelines Manual

Guidelines Manual PDF Author: United States Sentencing Commission
Publisher:
ISBN:
Category : Sentences (Criminal procedure)
Languages : en
Pages : 24

Book Description


Peaceful Surrender

Peaceful Surrender PDF Author: Fernando Collantes
Publisher: Cambridge Scholars Publishing
ISBN: 1443831360
Category : Business & Economics
Languages : en
Pages : 215

Book Description
Migration to the cities had been a part of European rural life long before the start of modern industrialisation and urbanisation. In the era of modern development, however, rural-urban migration intensified in an unprecedented way and many rural communities depopulated. While during the pre-industrial period migration had contributed to the economic and social reproduction of rural communities, it now challenged the continuity of the rural lifestyle. This book analyses the topic for the case of Spain, which in the twentieth century experienced one of the most intense processes of rural depopulation in modern Europe. The interaction between Spanish industrialisation and rural migration, the demographic implications of agrarian change, the obstacles to the development of rural non-farm activities, the rural problems of access to infrastructures and services, the role of public policy, and the consequences of depopulation for the rural community are the central elements of this study, which inserts the Spanish case within its European context. Distanced from both the anti-modern stance that idealises paradise lost and the Panglossian mood that welcomes anything that came with modernisation, the book explains how the adaptive strategies put into practice by rural populations led to a “peaceful surrender” of traditional rural society.

Advances in Efficiency and Productivity II

Advances in Efficiency and Productivity II PDF Author: Juan Aparicio
Publisher: Springer Nature
ISBN: 3030416186
Category : Business & Economics
Languages : en
Pages : 266

Book Description
This book surveys the state-of-the-art in efficiency and productivity analysis, examining advances in the analytical foundations and empirical applications. The analytical techniques developed in this book for efficiency provide alternative ways of defining optimum outcome sets, typically as a (technical) production frontier or as an (economic) cost, revenue or profit frontier, and alternative ways of measuring efficiency relative to an appropriate frontier. Simultaneously, the analytical techniques developed for efficiency analysis extend directly to productivity analysis, thereby providing alternative methods for estimating productivity levels, and productivity change through time or productivity variation across producers. This book includes chapters using data envelopment analysis (DEA) or stochastic frontier analysis (SFA) as quantitative techniques capable of measuring efficiency and productivity. Across the book’s 15 chapters, it broadly extends into popular application areas including agriculture, banking and finance, and municipal performance, and relatively new application areas including corporate social responsibility, the value of intangible assets, land consolidation, and the measurement of economic well-being. The chapters also cover topics such as permutation tests for production frontier shifts, new indices of total factor productivity, and also randomized controlled trials and production frontiers.