Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research

Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research

by: Subhash C. Ray

ISBN-10: 1107405262

ISBN-13: 9781107405264

Publication date: July 19, 2012

Paperback: 366 pages
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Book Description
This book describes the method of data envelopment analysis that uses mathematical programming techniques to obtain measures of efficiency of individual forms from their observed input and output quantities. The method permits setting up realistic input-output targets for the firm’s managers. A firm is considered to be technically inefficient when it fails to yield the maximum quantity of output producible from the input bundle it uses. Measurement of technical efficiency is important for performance evaluation and provides an objective basis for differential rewards in the context of production.