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$179.25
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New Efficiency Theory: With Applications of Data Envelopment Analysisby Jatikumar Sengupta
Synopses & ReviewsPublisher Comments:New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research.
Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of US computer industry, and the relative performance of mutual fund portfolios. Table of ContentsNew Approaches to Economic Efficiency.- Sources of Economic Efficiency.- Cost Oriented Efficiency.- Competition and Efficiency.- Growth and Efficiency in Computer Industry.- Efficiency Under Uncertainty.- Input Sharing and Efficiency.- Modeling and Data Problems.
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