Efficiency measurement with a non-convex free disposal hull technology
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Efficiency measurement with a non-convex free disposal hull technology. / Fukuyama, Hirofumi; Hougaard, Jens Leth; Sekitani, Kazuyuki ; Shi, Jianming.
In: Journal of the Operational Research Society, Vol. 67, No. 1, 2016, p. 9–19.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Efficiency measurement with a non-convex free disposal hull technology
AU - Fukuyama, Hirofumi
AU - Hougaard, Jens Leth
AU - Sekitani, Kazuyuki
AU - Shi, Jianming
PY - 2016
Y1 - 2016
N2 - We investigate the basic monotonicity properties of least-distance (in)efficiency measures on the class of non-convex FDH (free disposable hull) technologies. We show that any known FDH least-distance measure violates strong monotonicity over the strongly (Pareto-Koopmans) efficient frontier. Taking this result into account, we develop a new class of FDH least-distance measures that satisfy strong monotonicity and show that the developed (in)efficiency measurement framework has a natural profit interpretation.
AB - We investigate the basic monotonicity properties of least-distance (in)efficiency measures on the class of non-convex FDH (free disposable hull) technologies. We show that any known FDH least-distance measure violates strong monotonicity over the strongly (Pareto-Koopmans) efficient frontier. Taking this result into account, we develop a new class of FDH least-distance measures that satisfy strong monotonicity and show that the developed (in)efficiency measurement framework has a natural profit interpretation.
U2 - 10.1057/jors.2015.41
DO - 10.1057/jors.2015.41
M3 - Journal article
VL - 67
SP - 9
EP - 19
JO - Journal of the Operational Research Society
JF - Journal of the Operational Research Society
SN - 0160-5682
IS - 1
ER -
ID: 140015672