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5. Extensions of the Multifactor Productivity: Benchmarking

IESEG SCHOOL OF MANAGEMENT PRODUCTIVITY AND PROFITABILITY ASSESSMENT USING FINANCIAL STATEMENTS. 5. Extensions of the Multifactor Productivity: Benchmarking. Dr. Diego Prior Business Economics Department Universitat Autònoma de Barcelona and IESEG School of Management

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5. Extensions of the Multifactor Productivity: Benchmarking

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  1. IESEG SCHOOL OF MANAGEMENT PRODUCTIVITY AND PROFITABILITY ASSESSMENT USING FINANCIAL STATEMENTS 5. Extensions of the Multifactor Productivity: Benchmarking Dr. Diego Prior Business Economics Department Universitat Autònoma de Barcelona and IESEG School of Management E-mail: diego.prior@uab.cat

  2. Efficiency vs. productivity Output c b d a input

  3. An example y y d d c c b b a a x x a) b) Outputs orientation Inputs orientation

  4. Technological assumptions y d a Constant returns to scale b Variable returns c to scale x

  5. y j efficient under FDH, but inefficient under DEA Outputs orientation Inputs orientation x FDH models DMUj

  6. L(y) x2 xb bxb xa xc axa xd IsoqL(y) x1 Inputs orientation

  7. Another easy example (Trucks/tm)*1000 Unit Isoquant C A Potential contraction A’ B D E (employees/tm)*1000 Potential contraction

  8. y2 yd a ya P(x) yc ya b yb yb Isop P(x) y1 Outputs orientation

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