scientific article; zbMATH DE number 1517947

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Publication:4506476





This book focuses on dynamic and stochastic aspects of Data Envelopment Analysis (DEA) in diverse economic situations. It establishes links to economic theory (market competition, disequilibrium) and reports on selected industrial applications (costs efficiency of power plants, efficiency of airline industry, efficiency and profitability of telephone industry and relative efficiency of performance of mutual funds portfolios). Various statistical methods are offered to estimate probability distributions and to test efficiency, including nonparametric methods and bootstrap; stochastic dominance concept is used to compare results. Simple stochastic counterparts of the deterministic DEA models are presented. A lot of material is included and various nonstandard methods are recommended. A valuable hint for using up-to-date tools in DEA applications and a motivation for a further research is given. The list of references does not include recent collections and papers on DEA and its applications; some of these papers are mentioned in the text without being listed in the bibliography.











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