Abstract
Firms may not always achieve their goal of minimizing cost, maximizing revenue or even maximizing scalar output. To measure the failure of achieving such goals a variety of efficiency measures are discussed in this chapter. Sections (9.1 – 9.5) deal with input and output based efficiency measures, and Sections (9.6 – 9.8) address various other aspects of efficiency measuring.
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© 1988 Springer-Verlag Berlin Heidelberg
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Färe, R. (1988). Performance Gauging. In: Fundamentals of Production Theory. Lecture Notes in Economics and Mathematical Systems, vol 311. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51722-8_9
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DOI: https://doi.org/10.1007/978-3-642-51722-8_9
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-50030-8
Online ISBN: 978-3-642-51722-8
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