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New Directions: Efficiency and Productivity
Paperback
Series: Studies in Productivity and Efficiency, Book 3
Business GeneralEconomicsManagement
ISBN13: 9780387249636
Publisher: Springer
Published: May 4 2005
Pages: 174
Weight: 0.74
Height: 0.44 Width: 6.20 Depth: 9.30
Language: English
The key unifying conceptual tool of this important entry in the study of efficiency and productivity is the directional distance function. In this book, the authors take up this new performance measure while also maintaining their traditional axiomatic production theoretic approach. The directional distance function includes traditional distance functions and efficiency measures as special cases providing a unifying framework for existing productivity and efficiency measures. As a generalization of the traditional distance functions, it turns out to be a dual to the profit function, opening a range of new tools for empirical and theoretical research.
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