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Author:Banker, R.
Gadh, V.
Gorr, W.
Title:A Monte Carlo comparison of two production frontier estimation methods: corrected ordinary least squares and data envelopment analysis
Journal:European Journal of Operational Research
1993 : JUN 25, VOL. 67:3, p. 332-343
Index terms:DATA ENVELOPMENT ANALYSIS
PRODUCTION
MEASUREMENT
Language:eng
Abstract:This paper reports the results of an experiment with simulated data that compares the estimation accuracy of two simple and very different production frontier methods: corrected ordinary least squares and data envelopment analysis. The experimental design extends a previously published paper by introducing measurement errors, a factor the authors show to be critical for comparative analysis of the frontier methods. Both low and high measurement error distributions are used, resulting in 95% error intervals of roughly plus minus 10% and 40% respectively, of outputs.
SCIMA record nr: 109026
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