Open Access Open Access  Restricted Access Subscription Access

Measurement of Productive Efficiency-A Stochastic Frontier Production Function Approach to Indian Industries


Affiliations
1 Avinashilingam Institute for Homescience and Higher Education for Women University, Coimbatore-641043, India
 

The efficiency term describes the maximum outputs attainable from utilizing the available inputs. A production is efficient if it cannot improve any of its inputs or outputs without worsening some of its other inputs or outputs. Efficiency can be increased by minimizing inputs while holding output constant or by maximizing output while holding inputs constant or a combination of both may increase efficiency ( Alias Radam et al,2010). Productive efficiency (also known as technical efficiency) is defined as a situation in which the most production is achieved from the resources available to the producer It occurs when the economy is utilizing all of its resources efficiently, producing most output from least input.
User
Notifications
Font Size


Abstract Views: 265

PDF Views: 112




  • Measurement of Productive Efficiency-A Stochastic Frontier Production Function Approach to Indian Industries

Abstract Views: 265  |  PDF Views: 112

Authors

M. Manonmani
Avinashilingam Institute for Homescience and Higher Education for Women University, Coimbatore-641043, India

Abstract


The efficiency term describes the maximum outputs attainable from utilizing the available inputs. A production is efficient if it cannot improve any of its inputs or outputs without worsening some of its other inputs or outputs. Efficiency can be increased by minimizing inputs while holding output constant or by maximizing output while holding inputs constant or a combination of both may increase efficiency ( Alias Radam et al,2010). Productive efficiency (also known as technical efficiency) is defined as a situation in which the most production is achieved from the resources available to the producer It occurs when the economy is utilizing all of its resources efficiently, producing most output from least input.