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An Introduction to Efficiency and Productivity Analysis is designed as a primer for anyone seeking an authoritative introduction to efficiency and productivity analysis. It is a systematic treatment of four relatively new methodologies in Efficiency/Production Analysis: (a) Least-Squares Econometric Production Models, (b) Total Factor Productivity (TFP) Indices, (c) Data Envelopment Analysis (DEA), and (d) Stochastic Frontiers. Each method is discussed thoroughly. First, the basic elements of each method are discussed using models to illustrate the method's fundamentals, and, second, the discussion is expanded to treat the extensions and varieties of each method's uses. Finally, one or more case studies are provided as a full illustration of how each methodology can be used. In addition, all four methodologies will be linked in the book's presentation by examining the advantages and disadvantages of each method and the problems to which each method can be most suitably applied. The book offers the first unified text presentation of methods that will be of use to students, researchers and practitioners who work in the growing area of Efficiency/Productivity Analysis. The book also provides detailed advice on computer programs which can be used to calculate the various measures. This involves a number of presentations of computer instructions and output listings for the SHAZAM, TFPIP, DEAP and FRONTIER computer programs.

Production management --- Economic production --- Production (Economic theory) --- Production functions (Economic theory) --- Industrial productivity. --- Industrial productivity --- Production (Economic theory). --- Production functions (Economic theory). --- Production --- Fonctions de production (Théorie économique) --- Productivité --- #SBIB:012.IO --- #SBIB:35H200 --- Productivity, Industrial --- TFP (Total factor productivity) --- Total factor productivity --- Functions, Production (Economic theory) --- Overheidsmanagement: algemene werken --- Mathematical models --- Industrial efficiency --- Economics --- Microeconomics --- Supply and demand --- Demand (Economic theory) --- Supply-side economics --- Economic theory. --- Operations research. --- Decision making. --- Microeconomics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Operations Research/Decision Theory. --- Price theory --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Economic theory --- Political economy --- Social sciences --- Economic man --- Decision making

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The second edition of this book has been written for the same audience as the first edition. It is designed to be a "first port of call" for people wishing to study efficiency and productivity analysis. The book provides an accessible introduction to the four principal methods involved: econometric estimation of average response models; index numbers; data envelopment analysis (DEA); and stochastic firontier analysis (SFA). For each method, we provide a detailed introduction to the basic concepts, give some simple numerical examples, discuss some of the more important extensions to the basic methods, and provide references for further reading. In addition, we provide a number of detailed empirical applications using real-world data. The book can be used as a textbook or as a reference text. As a textbook, it probably contains too much material to cover in a single semester, so most instructors will want to design a course around a subset of chapters. For example, Chapter 2 is devoted to a review of production economics and could probably be skipped in a course for graduate economics majors. However, it should prove useful to undergraduate students and those doing a major in another field, such as business management or health studies.

Microeconomics --- Quantitative methods (economics) --- Economic production --- Industrial economics --- Economics --- Operational research. Game theory --- Production management --- bedrijfsplanning --- bedrijfsorganisatie --- economie --- micro-economie --- speltheorie --- econometrie --- operationeel onderzoek --- industriële marketing --- ingenieurswetenschappen --- Production (Economic theory) --- Production functions (Economic theory) --- Industrial productivity --- Acqui 2006