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Direct Targeting of Efficient DMUs for Benchmarking

Krüger, Jens J. :
Direct Targeting of Efficient DMUs for Benchmarking.
[Online-Edition: http://tuprints.ulb.tu-darmstadt.de/5732]
In: Darmstadt Discussion Papers in Economics (ISSN 1438-2733) , 229 . Darmstadt
[Report], (2016)

Offizielle URL: http://tuprints.ulb.tu-darmstadt.de/5732

Kurzbeschreibung (Abstract)

We propose a two-stage procedure for finding realistic benchmarks for nonparametric efficiency analysis. On the first stage the efficient DMUs are figured out by a free disposal hull approach. These benchmarks are directly targeted by directional distance functions and the extent of inefficiency is measured along the direction towards an existing DMU. Two variants for finding the closest or the furthest benchmark are proposed. With this approach there is no need to use linear combinations of existing DMUs as benchmarks which may not be achievable in reality and also no need to accept slacks which are not reflected by the efficiency measure.

Typ des Eintrags: Report
Erschienen: 2016
Autor(en): Krüger, Jens J.
Titel: Direct Targeting of Efficient DMUs for Benchmarking
Sprache: Englisch
Kurzbeschreibung (Abstract):

We propose a two-stage procedure for finding realistic benchmarks for nonparametric efficiency analysis. On the first stage the efficient DMUs are figured out by a free disposal hull approach. These benchmarks are directly targeted by directional distance functions and the extent of inefficiency is measured along the direction towards an existing DMU. Two variants for finding the closest or the furthest benchmark are proposed. With this approach there is no need to use linear combinations of existing DMUs as benchmarks which may not be achievable in reality and also no need to accept slacks which are not reflected by the efficiency measure.

Reihe: Darmstadt Discussion Papers in Economics
Band: 229
Ort: Darmstadt
Freie Schlagworte: directional distance functions, targeting, direct benchmarks
Fachbereich(e)/-gebiet(e): 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Empirische Wirtschaftsforschung
Hinterlegungsdatum: 06 Nov 2016 20:55
Offizielle URL: http://tuprints.ulb.tu-darmstadt.de/5732
URN: urn:nbn:de:tuda-tuprints-57328
Zusätzliche Informationen:

JEL classiffcation: C14, D24

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