A generalisation of the Farrell cost efficiency measure applicable to non-fully competitive settings

• Type: Article in International Scientific Journal
• Date: 2008

Authors

A. S. Camanho (Author) FEUP; R. G. Dyson (Author) Other

Journal

Title: Omega

Vol. 36 No. 1

Pages: 147-162

ISSN: 0305-0483

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 41 Citations

ISI Web of Science

Scopus - 49 Citations

INSPEC

Scientific classification

FOS: Engineering and technology > Other engineering and technologies

CORDIS: Technological sciences > Engineering > Industrial engineering

Other information

Authenticus ID: P-004-1XF

DOI: 10.1016/j.omega.2005.12.004

Abstract (EN): 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.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 16