A General Input Distance Function Based on Opportunity Costs
Joint Authors
Pastor, Jesus T.
Aparicio, Juan
Source
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-01-18
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Economics & Business Administration
Business Administration
Abstract EN
There are several distance function definitions in a general production framework, including Data Envelopment Analysis, which can be used to describe the production technology and to define corresponding measures of technical efficiency (notably the Shephard and the directional distance functions).
This paper introduces a generalisation of the distance function concept based on the idea of minimizing firm's opportunity cost.
We further state a general dual correspondence between the cost function and this new general distance function, which encompasses all previously published duality results.
All our results also hold under the assumption that we work in a Data Envelopment Analysis context.
American Psychological Association (APA)
Aparicio, Juan& Pastor, Jesus T.. 2012. A General Input Distance Function Based on Opportunity Costs. Advances in Decision Sciences،Vol. 2011, no. 2011, pp.1-11.
https://search.emarefa.net/detail/BIM-476951
Modern Language Association (MLA)
Aparicio, Juan& Pastor, Jesus T.. A General Input Distance Function Based on Opportunity Costs. Advances in Decision Sciences No. 2011 (2011), pp.1-11.
https://search.emarefa.net/detail/BIM-476951
American Medical Association (AMA)
Aparicio, Juan& Pastor, Jesus T.. A General Input Distance Function Based on Opportunity Costs. Advances in Decision Sciences. 2012. Vol. 2011, no. 2011, pp.1-11.
https://search.emarefa.net/detail/BIM-476951
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-476951