Dynamic and stochastic efficiency analysis : economics of data envelopment analysis / Jati K. Sengupta.

Format:

Book

Author/Creator:

Sengupta, Jatikumar.

Language:

English

Subjects (All):

Statics and dynamics (Social sciences).

Stochastic analysis.

Industrial efficiency.

Physical Description:

1 online resource (238 p.)

Place of Publication:

Singapore ; River Edge, NJ : World Scientific, c2000.

Language Note:

English

Summary:

This book extends the dynamic and stochastic analysis of economic efficiency by using the recent techniques of data envelopment analysis.New results and applications of these techniques in numerous areas of economics, finance and management are provided, including treatment of private sector industries, portfolio models in finance, quality control techniques in managerial performance, the role of market competition, policy applications in investment models in finance, risk aversion and efficiency, and technology and innovation.The most up-to-date tools of efficiency analysis developed here wil

Contents:

Foreword; Contents; 1. New Efficiency Theory; 1.1 Economics of Data Envelopment Analysis; 1.2 Dynamic and Stochastic Efficiency; 1.3 Cost Frontier Analysis; 1.4 Market Demand and Efficiency; 1.5 Managerial Perspectives; 2. Economics of Efficiency Measurement; 2.1 Economics of the DEA Approach; A. Two-stage Model; B. Flexibility in Production Process; C. Learning and Cumulative Experience; 2.2 Market and Cost Efficiency Under Competition; 2.3 A Two-stage Model of Cost Efficiency; 2.4. Cost Uncertainty and Capacity Utilization; 2.5. Quality and Efficiency

A. Quality improvement and learning over timeB. Quality and market competition; 3. Efficiency Dynamics; 3.1 Sources of Productivity Growth; 3.2 Investment in Knowledge; 3.3 Dynamics of Allocative Efficiency; 3.4 Learning and Efficiency; 3.5 Efficiency Persistence; 4. Stochastic Efficiency Analysis; 4.1 Stochastic Data Problem; 4.2 Efficiency Frontier Under Price Uncertainty; 4.3 Efficiency Distribution Analysis; 4.4 Stochastic Frontier Analysis; 4.5 Statistical Tests of Efficiency; 5. Industrial Applications; 5.1 DEA Models for Competition; A. Allocative Models of Efficiency

B. Market and Cost Efficiency: Two-Stage Model5.2 Electric Power Industry: Cost and Scale Efficiency; A. Empirical Data; B. Modelling Issues; C. Empirical Results; 5.3 Airlines Industry: Competition and Efficiency; 5.4 Telephone Industry: Efficiency and Profitability; 5.5 Portfolio Efficiency Frontier: Risk and Efficiency; 6. Economic Theory and DEA; 6.1 Economics of Disequilibrium; 6.2 Cost Uncertainty and Capacity Utilization; 6.3 Cost Efficiency and FMS; 6.4 Sequential Models of Production Planning; 6.5 Efficiency under Risk Avesion; A. Dynamic Portfolio efficiency Frontier

B. Structural Efficiency Under UncertaintyBibliography; Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 221-224) and index.

ISBN:

9789812793300

9812793305