A general input distance function based on opportunity costs
type: Item
instance of: scholarly article
title: A general input distance function based on opportunity costs
zbMATH Open document ID: 1233.90138
DOI: 10.1155/2011/505241
author: Jesus T. Pastor
author: Juan Aparicio
published in: Advances in Decision Sciences
publication date: 2012-03-14T00:00:00Z
review text: Summary: 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.
Mathematics Subject Classification ID: 90B30
Mathematics Subject Classification ID: 90B50
Mathematics Subject Classification ID: 90C08
zbMATH DE Number: 6014714
Wikidata QID: Q58653866
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2011/505241
OpenAlex ID: W2084524723
cites work: Q4902563
cites work: Q5823944
cites work: Benefit functions and duality
cites work: Benefit and distance functions
cites work: Metric distance function and profit: Some duality results
cites work: Generalized benefit functions and measurement of utility
cites work: Numerical studies of localized wavefields governed by the Raman-extended derivative nonlinear Schrödinger equation
cites work: The Coefficient of Resource Utilization
cites work: Q5656575
cites work: Q4326385
cites work: Convex Analysis
cites work: Profit efficiency, Farrell decompositions and the Mahler inequality
cites work: Decomposing profit inefficiency in DEA through the weighted additive model
DBLP publication ID: journals/jamds/AparicioP11
description: scientific article; zbMATH DE number 6014714