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A coherent methodology for productivity analysis employing integrated partial efficiency

Authors
Journal
International Journal of Production Economics
0925-5273
Publisher
Elsevier
Publication Date
Identifiers
DOI: 10.1016/s0925-5273(97)80001-9
Keywords
  • Activity Analysis
  • Production Modelling
  • Productivity Analysis
  • Economic Evaluation
Disciplines
  • Economics

Abstract

Abstract An activity decomposition methodology with theoretical foundation in the principles of activity control and stated focus of interest in the enterprise value-chain is presented. Characteristics of inputs and outputs are discussed, where a set of non-transformable inputs are defined and motivated. An integrated partial efficiency measure is formulated, compensating for some weaknesses of the Debreu-Farrell technical efficiency concept. Providing a coherent basis for productivity analysis, the IPE approach poses an alternative to e.g. DEA especially in the case of multi-level systems and sparse data. The method is easily communicable in terms of measurement and analysis, and may be extended to complement economic performance assessments and benchmarks.

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