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Direct Targeting of Efficient DMUs for Benchmarking

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

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.

Item Type: Report
Erschienen: 2016
Creators: Krüger, Jens J.
Title: Direct Targeting of Efficient DMUs for Benchmarking
Language: English
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.

Series Name: Darmstadt Discussion Papers in Economics
Volume: 229
Place of Publication: Darmstadt
Uncontrolled Keywords: directional distance functions, targeting, direct benchmarks
Divisions: 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Emprical Economics
01 Department of Law and Economics
Date Deposited: 06 Nov 2016 20:55
Official URL: http://tuprints.ulb.tu-darmstadt.de/5732
URN: urn:nbn:de:tuda-tuprints-57328
Additional Information:

JEL classiffcation: C14, D24

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