New Directions : Efficiency and Productivity (Studies in Productivity and Efficiency)

New Directions : Efficiency and Productivity (Studies in Productivity and Efficiency)

Editorial Reviews
Book Description
The key unifying conceptual tool of this important entry in the study of efficiency and productivity is the directional distance function. In New Directions the authors take up this new performance measure while also maintaining their "traditional" axiomatic production theoretic approach. The directional distance function includes traditional distance functions and efficiency measures as special cases providing a unifying framework for existing productivity and efficiency measures. As a generalisation of the traditional distance functions, it turns out to be a dual to the profit function, opening a range of new tools for empirical and theoretical research. It also provides enough additional flexibility to open up new areas in productivity and efficiency analysis such as environmental and aggregation issues.

Book Info
Text describes the new directional distance function performance measure For researchers and practitioners. DLC: Industrial efficiency. --This text refers to the Hardcover edition.

New Directions : Efficiency and Productivity (Studies in Productivity and Efficiency),Rolf Färe,Shawna Grosskopf,Springer,038724963X,Business & Economics,Business / Economics / Finance,Business/Economics,Economics - Microeconomics,Industrial Management,Management - General,Business & Economics / Microeconomics,Economics, Finance, Business and Industry,Industry & Industrial Studies,Production & quality control management

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