Modified Malmquist productivity index based on present time value of money

DOI10.1155/2013/607190MaRDI QIDQ2375601zbMATH OpenOpenAlexWikidataFDO

Authors M. Vaez-Ghasemi, Z. Moghaddas, Farhad Hosseinzadeh Lotfi, G. R. Jahanshahloo

Publication date 14 June 2013

Published in Journal of Applied Mathematics (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2013/607190

Mathematics Subject Classification ID

Case-oriented studies in operations research (90B90) Linear programming (90C05) Statistical methods; economic indices and measures (91B82)

Review text

Summary: Data envelopment analysis (DEA) models can calculate the Malmquist Productivity Index (MPI). Classic Malmquist Productivity Index shows regress and progress of a DMU in different periods with efficiency and technology variations without considering the present value of money. This issue is of major importance since while a currency of in previous year is not equal to that of now this would yield bias results which can affect the correct interpretation. The index developed here is defined in terms of Modified Malmquist Productivity Index model, which can calculate progress and regress by using the factor of present time value of money. The incorporation of present time value of money is also calculated within the framework of data envelopment analysis. This factor is fundamental and should be considered in DEA Malmquist Productivity Index. Moreover, here, differences between presented models are compared to those of previous ones indeed, biased results will be shown in the case study in banks, and problem and solution have been investigated in the literature.

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Cites work

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Cited in

(17)

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• DCBA-MPI: a simulation based technique in optimizing an accurate Malmquist productivity index
• Improving the discrimination of data envelopment analysis models in multiple time periods
• A new Malmquist productivity index based on semi-discretionary variables with an application to commercial banks of China
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• Malmquist index evaluation of countries: 2000–2019
• The issue of input/output slacks in validating data envelopment analysis-based Malmquist productivity index: an example from banking

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