Dynamic Efficiency and Productivity Measurement

<strong>A systematic treatment of dynamic decision making and performance measurement</strong> <p/>Modern business environments are dynamic. Yet the models used to make decisions and quantify success within them are stuck in the past. In a world where demands resources and technology are interconnected and evolving measures of efficiency need to reflect that environment. <p/>In <em>Dynamic Efficiency and Productivity Measurement</em> Elvira Silva Spiro E. Stefanou and Alfons Oude Lansink look at the business process from a dynamic perspective. Their systematic study covers dynamic production environments where current production decisions impact future production possibilities. By considering practical factors like adjustments over time this book offers an important lens for contemporary microeconomic analysis. Silva Stefanou and Lansink develop the analytical foundations of dynamic production technology in both primal and dual representations with an emphasis on directional distance functions. They cover concepts measuring the production structure (economies of scale economies of scope capacity utilization) and performance (allocative scale and technical inefficiency productivity) in a methodological and comprehensive way. <p/>Through a unified approach <em>Dynamic Efficiency and Productivity Measurement </em>offers a guide to how firms maximize potential in changing environments and an invaluable contribution to applied microeconomics.<br>