Benchmarking with DEA, SFA, and R

By: Bogetoft, Peter
Contributor(s): Otto, Lars [Co-author]
Material type: TextTextSeries: International series in operations research and management science ser 157Publisher: New York Springer 2010Description: xvi, 361 p.ISBN: 9781441979612Subject(s): Statistics for business - Economics - Mathematical finance - Insurance | Operations research - Decision theory | Business - Economics - Organizational behaviorDDC classification: 658.50360151922 Online resources: Access through eBookCentral Summary: This book covers recent advances in efficiency evaluations, most notably Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methods. It introduces the underlying theories, shows how to make the relevant calculations and discusses applications. The aim is to make the reader aware of the pros and cons of the different methods and to show how to use these methods in both standard and non-standard cases. Several software packages have been developed to solve some of the most common DEA and SFA models. This book relies on R, a free, open source software environment for statistical computing and graphics. This enables the reader to solve not only standard problems, but also many other problem variants. Using R, one can focus on understanding the context and developing a good model. One is not restricted to predefined model variants and to a one-size-fits-all approach. To facilitate the use of R, the authors have developed an R package called Benchmarking, which implements the main methods within both DEA and SFA. The book uses mathematical formulations of models and assumptions, but it de-emphasizes the formal proofs - in part by placing them in appendices -- or by referring to the original sources. Moreover, the book emphasizes the usage of the theories and the interpretations of the mathematical formulations. It includes a series of small examples, graphical illustrations, simple extensions and questions to think about. Also, it combines the formal models with less formal economic and organizational thinking. Last but not least it discusses some larger applications with significant practical impacts, including the design of benchmarking-based regulations of energy companies in different European countries, and the development of merger control programs for competition authorities. https://www.springer.com/gp/book/9781441979605
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Table of contents

Introduction
Ray, Subhash; Kumbhakar, Subal & Dua, Pami
Chapter 1. Estimation of Technical Inefficiency in Production Frontier Models Using Cross-Sectional Data by Kumbhakar, Subal C. & Wang, Hung-Jen
Chapter 2. Data Envelopment Analysis for Performance Evaluation: A Child's Guide by Ray, Subhash C. & Chen, Lei
Chapter 3. An Introduction to CNLS and StoNED Methods for Efficiency Analysis: Economic Insights and Computational Aspects by Johnson, Andrew L. and Kuosmanen, Timo
Chapter 4. Dynamic Efficiency Measurement by Førsund, Finn R
Chapter 5. Efficiency Measures for Industrial Organization by Ten Raa, Thijs
Chapter 6. Multiplicative and Additive Distance Functions: Efficiency Measures and Duality by Pastor, Jesus T. & Aparicio, Juan

This book covers recent advances in efficiency evaluations, most notably Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methods. It introduces the underlying theories, shows how to make the relevant calculations and discusses applications. The aim is to make the reader aware of the pros and cons of the different methods and to show how to use these methods in both standard and non-standard cases. Several software packages have been developed to solve some of the most common DEA and SFA models. This book relies on R, a free, open source software environment for statistical computing and graphics. This enables the reader to solve not only standard problems, but also many other problem variants. Using R, one can focus on understanding the context and developing a good model. One is not restricted to predefined model variants and to a one-size-fits-all approach. To facilitate the use of R, the authors have developed an R package called Benchmarking, which implements the main methods within both DEA and SFA. The book uses mathematical formulations of models and assumptions, but it de-emphasizes the formal proofs - in part by placing them in appendices -- or by referring to the original sources. Moreover, the book emphasizes the usage of the theories and the interpretations of the mathematical formulations. It includes a series of small examples, graphical illustrations, simple extensions and questions to think about. Also, it combines the formal models with less formal economic and organizational thinking. Last but not least it discusses some larger applications with significant practical impacts, including the design of benchmarking-based regulations of energy companies in different European countries, and the development of merger control programs for competition authorities.

https://www.springer.com/gp/book/9781441979605

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