Interactive benchmarking: a stochastic frontier approach
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Interactive benchmarking : a stochastic frontier approach. / Lawson, Lartey; Nielsen, Kurt.
In: The Empirical Economics Letters, Vol. 4, No. 4, 2005, p. 231-246.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Interactive benchmarking
T2 - a stochastic frontier approach
AU - Lawson, Lartey
AU - Nielsen, Kurt
PY - 2005
Y1 - 2005
N2 - We discuss individual learning by interactive benchmarking using stochastic frontier models. The interactions allow the user to tailor the performance evaluation to preferences and explore alternative improvement strategies by selecting and searching the different frontiers using directional distance functions. The frontier is given by an explicit quantile, e.g. “the best 90 %”. Using the explanatory model of the inefficiency, the user can adjust the frontiers by submitting state variables that influence the inefficiency. An efficiency study of Danish dairy farms is implemented in the suggested benchmarking tool. The study investigates how different characteristics on dairy farms influences the technical efficiency.
AB - We discuss individual learning by interactive benchmarking using stochastic frontier models. The interactions allow the user to tailor the performance evaluation to preferences and explore alternative improvement strategies by selecting and searching the different frontiers using directional distance functions. The frontier is given by an explicit quantile, e.g. “the best 90 %”. Using the explanatory model of the inefficiency, the user can adjust the frontiers by submitting state variables that influence the inefficiency. An efficiency study of Danish dairy farms is implemented in the suggested benchmarking tool. The study investigates how different characteristics on dairy farms influences the technical efficiency.
M3 - Journal article
VL - 4
SP - 231
EP - 246
JO - The Empirical Economics Letters
JF - The Empirical Economics Letters
SN - 1681-8997
IS - 4
ER -
ID: 8003941