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Introduction

Basic Concepts
  • Tarja Joro
  • Pekka J. Korhonen
Chapter
  • 912 Downloads
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 218)

Abstract

Scarcity is one of the key concepts in economics. The fact that there are not enough resources to produce everything needed and wanted emphasizes the importance to utilize and allocate the existing ones in the best possible way. The demand for efficiency of operations both in private and public sectors has also been currently emphasized due to severe economic conditions and increased competition.

Keywords

Data Envelopment Analysis Technical Efficiency Total Factor Productivity Efficiency Score Efficient Frontier 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  • Tarja Joro
    • 1
  • Pekka J. Korhonen
    • 2
  1. 1.Department of Accounting, Operations and Information Systems Alberta School of BusinessUniversity of AlbertaEdmontonCanada
  2. 2.Department of Information and Service Economy School of BusinessAalto UniversityHelsinkiFinland

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