2024-03-29T02:29:28Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00006141
2023-01-16T03:50:47Z
659:757:758
Measurement of Dynamic Efficiency in Production : An Application of Data Envelopment Analysis to Japanese Electric Utilities
Nemoto, Jiro
Goto, Mika
open access
The original publication is available at www.springerlink.com
data envelopment analysis
dynamic optimization
dynamic efficiency
Hamilton-Jacobi-Bellman equation
The purpose of this paper is to measure productive efficiencies when a firm employs quasi-fixed inputs that cannot be instantaneously adjusted to their optimal levels. To this end, data envelopment analysis (DEA) is extended to a dynamic framework so that investment behavior can be modelled with the efficient production frontier. Based on the work of Nemoto and Goto (1999), we show how the efficiencies of quasi-fixed inputs and their adjustment processes are evaluated. An application to Japanese electric utilities over the 1981–1995 period delivers empirically plausible results and proves the usefulness of the procedure.
Springer
2003
eng
journal article
AM
http://hdl.handle.net/2237/7775
https://nagoya.repo.nii.ac.jp/records/6141
https://doi.org/10.1023/A:1022805500570
0895-562X
Journal of Productivity Analysis
19
2-3
191
210
https://nagoya.repo.nii.ac.jp/record/6141/files/3.pdf
application/pdf
2.3 MB
2018-02-19