Overview
- Analyses economic efficiency and methods of improving it by using and generalizing the new management science technique called data envelopment analysis
- Discusses real life applications in the US computer industry
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Table of contents (8 chapters)
Keywords
About this book
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research.
Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of US computer industry, and the relative performance of mutual fund portfolios.
Reviews
From the reviews:
"The book summarizes the author’s research on efficiency theory. It emphasizes new approaches to efficiency theory emerging since the proposition of data development analysis. The text focuses on extensions of nonparametric efficiency measurement models in the following areas: cost oriented DEA models; consideration of interdependence of firms; informational basis of input-output and cost data; role of uncertainty and risk. … The book is concisely written and of interest for readers with a background in economic theory and DEA." (Matthias Ehrgott, Zentralblatt MATH, Vol. 1048, 2004)
Authors and Affiliations
Bibliographic Information
Book Title: New Efficiency Theory
Book Subtitle: With Applications of Data Envelopment Analysis
Authors: Jati K. Sengupta
DOI: https://doi.org/10.1007/978-3-540-24791-3
Publisher: Springer Berlin, Heidelberg
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eBook Packages: Springer Book Archive
Copyright Information: Springer-Verlag Berlin Heidelberg 2003
Hardcover ISBN: 978-3-540-14013-9Published: 24 June 2003
Softcover ISBN: 978-3-642-05728-1Published: 13 October 2010
eBook ISBN: 978-3-540-24791-3Published: 10 November 2012
Edition Number: 1
Number of Pages: X, 176
Topics: Operations Research/Decision Theory, Operations Management, Economics, general, Econometrics, Economic Growth