Verifying OCRA's economic sense: Response to Agrell and West (2001)

Agrell and West [2001. A caveat on the measurement of productive efficiency. International Journal of Production Economics 69, 1-14] examined OCRA along with seven other productivity/performance measurement tools and stated, on the basis of a counter-example, that none satisfied one of the five behavioral properties they considered, the profitability property, to be “fair in an economic sense.” This paper demonstrates that OCRA indeed satisfies the profitability property.