AN EVALUATION ON TECHNICAL EFFICIENCY ANALYSIS USING STOCHASTIC FRONTIER METHOD Cover Image

TEKNİK ETKİNLİK ANALİZİNDE STOKASTİK SINIR YÖNTEMİ KULLANIMI ÜZERİNE BİR DEĞERLENDİRME
AN EVALUATION ON TECHNICAL EFFICIENCY ANALYSIS USING STOCHASTIC FRONTIER METHOD

Author(s): Onur Tutulmaz
Subject(s): Economy, Methodology and research technology, Evaluation research
Published by: Hitit Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: Efficiency; Technical Efficiency; Stochastic Frontier Method; Frontier Function; Performance Measuring Methods; JEL codes C40; D24;

Summary/Abstract: In the most general sense, efficiency can be defined as to approach to optimum. In terms of functional forms in which economic relations generally described, efficiency can be defined as the rate of the approach to optimal values. Taking into consideration of the production function, we face the development of the efficiency concept. It is possible to put the efficiency concept into classifications like allocation or economical efficiency and technical efficiency. While allocation efficiency relates the main problem of the allocation of economical resources, it is not practical to use as opposed to technical efficiency. Technical efficiency, in this classification, can supply a powerful understructure for the performance measuring. That a production function implies also its production frontier constitutes also the critical points of the stochastic frontier method.

  • Issue Year: 5/2012
  • Issue No: 1
  • Page Range: 109-127
  • Page Count: 20
  • Language: Turkish