Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
481141 | European Journal of Operational Research | 2009 | 10 Pages |
Abstract
Semi-radial efficiency measurement combines technical efficiency, as captured by the classical Farrell measure, with an economically meaningful mix efficiency component. The semi-radial evaluation we propose proceeds in two steps. First, we build on the price interpretation of the generally accepted Koopmans efficiency notion to characterize appropriate benchmarks. Next, we present both a quantity-based distance measure and its dual (price-based) equivalent to evaluate the mix efficiency factor. The type of measures we propose may, e.g., be used to provide a price rationale for the Zieschang technical efficiency evaluation procedure.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Laurens Cherchye, Tom Van Puyenbroeck,