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Modified Malmquist Productivity Index Based on Present Time Value of Money
Joint Authors
Moghaddas, Zohreh
Vaez-Ghasemi, Mohsen
Jahanshahloo, Golamreza
Hosseinzadeh Lotfi, Farhad
Source
Journal of Applied Mathematics
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-02-19
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
Data envelopment analysis (DEA) models can calculate the Malmquist Productivity Index (MPI).
Classic Malmquist Productivity Index shows regress and progress of a DMU in different periods with efficiency and technology variations without considering the present value of money.
This issue is of major importance since while a currency of in previous year is not equal to that of now this would yield bias results which can affect the correct interpretation.
The index developed here is defined in terms of Modified Malmquist Productivity Index model, which can calculate progress and regress by using the factor of present time value of money.
The incorporation of present time value of money is also calculated within the framework of data envelopment analysis.
This factor is fundamental and should be considered in DEA Malmquist Productivity Index.
Moreover, here, differences between presented models are compared to those of previous ones indeed, biased results will be shown in the case study in banks, and problem and solution have been investigated in the literature.
American Psychological Association (APA)
Hosseinzadeh Lotfi, Farhad& Jahanshahloo, Golamreza& Vaez-Ghasemi, Mohsen& Moghaddas, Zohreh. 2013. Modified Malmquist Productivity Index Based on Present Time Value of Money. Journal of Applied Mathematics،Vol. 2013, no. 2013, pp.1-8.
https://search.emarefa.net/detail/BIM-484630
Modern Language Association (MLA)
Hosseinzadeh Lotfi, Farhad…[et al.]. Modified Malmquist Productivity Index Based on Present Time Value of Money. Journal of Applied Mathematics No. 2013 (2013), pp.1-8.
https://search.emarefa.net/detail/BIM-484630
American Medical Association (AMA)
Hosseinzadeh Lotfi, Farhad& Jahanshahloo, Golamreza& Vaez-Ghasemi, Mohsen& Moghaddas, Zohreh. Modified Malmquist Productivity Index Based on Present Time Value of Money. Journal of Applied Mathematics. 2013. Vol. 2013, no. 2013, pp.1-8.
https://search.emarefa.net/detail/BIM-484630
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-484630