Efficiency and Productivity Analysis

Efficiency and Productivity Analysis

AngličtinaPevná vazbaTisk na objednávku
Prokhorov Artem
Taylor & Francis Ltd
EAN: 9780367346096
Tisk na objednávku
Předpokládané dodání v pondělí, 27. ledna 2025
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Běžná cena: 4 381 Kč
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Podrobné informace

This book is an easy-to-understand guide to modeling productivity and efficiency using modern statistical tools. It introduces readers to the fundamentals of stochastic frontier analysis (SFA) and gradually takes them to the forefront of academic research in this area, examining the latest concepts and methods related to the use of copulas in SFA.

Following a comprehensive review of classic methodology, Professor Artem Prokhorov covers topics in panel data modeling, in endogeneity in SFA, in joint modeling of technical and allocative inefficiency, and in optimal and robust prediction of inefficiency scores. This is done using copulas to capture various kinds of statistical dependence that have been previously ignored when modeling production. The classic and advanced topics are illustrated using practical examples and codes written in modern programming languages. As an important example, the book spells out the case where both the values of output and the ratio of inputs used in production are optimized simultaneously. Such simultaneity, if ignored, leads to biased estimates of productivity and returns-to-scale and may understate inefficiency.

The book offers a useful reference for those interested in the newest robust methods of business analytics in the area of productivity and efficiency, with implications for strategy, budgeting, resourcing and benchmarking of firms, industries and production units more generally.

EAN 9780367346096
ISBN 0367346095
Typ produktu Pevná vazba
Vydavatel Taylor & Francis Ltd
Datum vydání 28. února 2024
Stránky 224
Jazyk English
Rozměry 234 x 156
Země United Kingdom
Autoři Prokhorov Artem
Ilustrace 23 Tables, black and white; 22 Halftones, black and white; 22 Illustrations, black and white
Série Routledge Advanced Texts in Economics and Finance