Handbook On Efficiency And Productivity Analysis: Extending The Frontiers

This handbook presents key advancements in the methodologies, practices, and applications of traditional efficiency and productivity analysis. Through a combination of in-depth case studies and industry examples, readers will gain a deep understanding of how these advancements can be effectively implemented in various organisational settings.Frontier Analysis (FA), one of the key approaches presented within these pages, is a quantitative methodology used to measure and compare the relative efficiency and productivity of decision-making units (DMUs) within a specific industry or sector. FA is defined by its focus on identifying the "best-practice frontier" — representing the best achievable performance level given the available resources and technology of the DMUs involved. By studying the deviations between observed performance and the frontier, valuable insights are gained into areas of inefficiency and opportunities for improvement.Whether it involves analyzing supply chain operations, evaluating service delivery, or optimising manufacturing processes, the Handbook on Efficiency and Productivity Analysis will provide you with actionable guidance for driving tangible improvements in efficiency and productivity. Researchers, lecturers, and students of general production economics — particularly in the fields of management and operations research — are the primary targets of this title, but all stakeholders in relevant industries such as business management and policymaking will find this an indispensable resource.