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Books > Business & Economics > Economics > Economic theory & philosophy
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Production Frontiers (Hardcover)
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Production Frontiers (Hardcover)
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This book presents a mathematical programming approach to the
analysis of production frontiers and efficiency measurement. The
authors construct a variety of production frontiers, and by
measuring distances to them are able to develop a model of
efficient producer behaviour and a taxonomy of possible types of
departure from efficiency in various environments. Linear
programming is used as an analytical and computational technique in
order to accomplish this. The approach developed is then applied to
modelling producer behaviour. By focusing on the empirical
relevance of production frontiers and distances to them, and
applying linear programming techniques to artificial data to
illustrate the type of information they can generate, this book
provides a unique study in applied production analysis. It will be
of interest to scholars and students of economics and operations
research, and analysts in business and government.
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