A generalisation of the Farrell cost efficiency measure applicable to non-fully competitive settings
Camanho, A. S. and Dyson, R. G.. (2008) A generalisation of the Farrell cost efficiency measure applicable to non-fully competitive settings. Omega-International Journal of Management Science, Vol.36 (No.1). pp. 147-162. ISSN 0305-0483Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.omega.2005.12.004
This paper enhances cost efficiency measurement methods to account for situations where the input prices can depend on negotiation or tend to qualitatively differentiate the resources available at each decision making unit. In these circumstances, there are some shortcomings in the cost efficiency measure described in the data envelopment analysis (DEA) literature. This paper proposes new models and measures for cost efficiency evaluation that overcome the limitations of the existing DEA models. The applicability of the measures developed is illustrated in the context of the analysis of bank branch performance. (c) 2006 Elsevier Ltd. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HA Statistics
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
|Divisions:||Faculty of Social Sciences > Warwick Business School > Operational Research & Management Sciences|
|Library of Congress Subject Headings (LCSH):||Data envelopment analysis, Cost effectiveness, Prices|
|Journal or Publication Title:||Omega-International Journal of Management Science|
|Publisher:||Pergamon-Elsevier Science Ltd|
|Number of Pages:||16|
|Page Range:||pp. 147-162|
|Access rights to Published version:||Restricted or Subscription Access|
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