國立高雄大學圖資館 |

Benchmarking economic efficiencytechnical and allocative fundamentals /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Benchmarking economic efficiencyby Jesus T. Pastor, Juan Aparicio, Jose L. Zofio.
Reminder of title:	technical and allocative fundamentals /
Author:	Pastor, Jesus T.
other author:	Aparicio, Juan.
Published:	Cham :Springer International Publishing :2022.
Description:	xxxiv, 640 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Benchmarking (Management)
Online resource:	https://doi.org/10.1007/978-3-030-84397-7
ISBN:	9783030843977$q(electronic bk.)

Benchmarking economic efficiencytechnical and allocative fundamentals /
Pastor, Jesus T.

Benchmarking economic efficiencytechnical and allocative fundamentals /[electronic resource] :by Jesus T. Pastor, Juan Aparicio, Jose L. Zofio. - Cham :Springer International Publishing :2022. - xxxiv, 640 p. :ill., digital ;24 cm. - International series in operations research & management science,v. 3152214-7934 ;. - International series in operations research & management science ;v. 140..

Chapter 1: Introduction -- Chapter 2: Conceptual background: firms' objectives, decision variables and economic efficiency -- Part I -- Chapter 3: Shephard's input and output distance functions: cost and revenue efficiency decompositions -- Chapter 4: The generalized distance function (GDF): Profitability efficiency decomposition -- Part II -- Chapter 5: The Russell Measures: Economic Inefficiency Decompositions -- Chapter 6: The Weighted Additive Distance Function (WADF): Economic inefficiency decompositions -- Chapter 7: The enhanced Russell graph measure (ERG=SBM): economic inefficiency decompositions -- Chapter 8: The directional distance function (DDF): economic inefficiency decompositions -- Chapter 9: The Hölder distance functions: economic inefficiency decompositions -- Chapter 10: The loss distance function: economic inefficiency decompositions -- Chapter 11: The modified directional distance function (MDDF): economic inefficiency decompositions -- Chapter 12: The reverse directional distance function (RDDF): economic inefficiency decompositions -- Chapter 13: A unifying framework for decomposing economic inefficiency: The general direct approach and the standard and flexible reverse approaches -- Chapter 14: A final overview: economic efficency models and properties -- Bibliography -- Subject Index -- Author Index.

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.

ISBN: 9783030843977$q(electronic bk.)

Standard No.: 10.1007/978-3-030-84397-7doiSubjects--Topical Terms:

221069
Benchmarking (Management)

LC Class. No.: HD62.15 / .P37 2022

Dewey Class. No.: 658.4013

Benchmarking economic efficiencytechnical and allocative fundamentals /
LDR:04942nmm a2200361 a 4500 001 627509
003 DE-He213
005 20220712104920.0
006 m d
007 cr nn 008maaau
008 230201s2022 sz s 0 eng d
020 $a 9783030843977$q(electronic bk.)
020 $a 9783030843960$q(paper)
024 7 $a 10.1007/978-3-030-84397-7 $2 doi
035 $a 978-3-030-84397-7
040 $a GP $c GP
041 0 $a eng
050 4 $a HD62.15 $b .P37 2022
072 7 $a KJT $2 bicssc
072 7 $a KJMD $2 bicssc
072 7 $a BUS049000 $2 bisacsh
072 7 $a KJT $2 thema
072 7 $a KJMD $2 thema
082 0 4 $a 658.4013 $2 23
090 $a HD62.15 $b .P293 2022
100 1 $a Pastor, Jesus T. $3 764291
245 1 0 $a Benchmarking economic efficiency $h [electronic resource] : $b technical and allocative fundamentals / $c by Jesus T. Pastor, Juan Aparicio, Jose L. Zofio.
260 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2022.
300 $a xxxiv, 640 p. : $b ill., digital ; $c 24 cm.
490 1 $a International series in operations research & management science, $x 2214-7934 ; $v v. 315
505 0 $a Chapter 1: Introduction -- Chapter 2: Conceptual background: firms' objectives, decision variables and economic efficiency -- Part I -- Chapter 3: Shephard's input and output distance functions: cost and revenue efficiency decompositions -- Chapter 4: The generalized distance function (GDF): Profitability efficiency decomposition -- Part II -- Chapter 5: The Russell Measures: Economic Inefficiency Decompositions -- Chapter 6: The Weighted Additive Distance Function (WADF): Economic inefficiency decompositions -- Chapter 7: The enhanced Russell graph measure (ERG=SBM): economic inefficiency decompositions -- Chapter 8: The directional distance function (DDF): economic inefficiency decompositions -- Chapter 9: The Hölder distance functions: economic inefficiency decompositions -- Chapter 10: The loss distance function: economic inefficiency decompositions -- Chapter 11: The modified directional distance function (MDDF): economic inefficiency decompositions -- Chapter 12: The reverse directional distance function (RDDF): economic inefficiency decompositions -- Chapter 13: A unifying framework for decomposing economic inefficiency: The general direct approach and the standard and flexible reverse approaches -- Chapter 14: A final overview: economic efficency models and properties -- Bibliography -- Subject Index -- Author Index.
520 $a 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.
650 0 $a Benchmarking (Management) $3 221069
650 1 4 $a Operations Research and Decision Theory. $3 914898
650 2 4 $a Quantitative Economics. $3 913171
650 2 4 $a Economics. $3 175999
700 1 $a Aparicio, Juan. $3 764290
700 1 $a Zofio, Jose L. $3 931607
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer Nature eBook
830 0 $a International series in operations research & management science ; $v v. 140. $3 490892
856 4 0 $u https://doi.org/10.1007/978-3-030-84397-7
950 $a Business and Management (SpringerNature-41169)