Naslov
Allocative efficiency and optimal adjustments of a producer

Autori
Vrankić, Ilko ; Oraić, Mira ; Lukač, Zrinka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 11th Symposium on Operations Research SOR’11 / L. Zadnik Stirn, J. Žerovnik, J. Povh, S Drobne, A. Lisec - Ljubljana : Slovensko društvo informatika, 2011, 269-275

ISBN
978-961-6165-35-8

Skup
The 11th International Symposium on Operations Research in Slovenia SOR’11

Mjesto i datum
Dolenjske Toplice, Slovenija, 28.09.2011. - 30.09.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
technological and market constraints; technical and allocative efficiency; distance functions; economic savings; optimal adjustments of the production plan

Sažetak
Inefficiency of the producer is the result of the inefficient use of technology and production planning which does not take into account market constraints. This article clearly describes the efficiency measures in different market circumstances. Special attention is given to the dual relationships that allow a description of the efficiency of the producer in different ways. Decomposition of the overall efficiency into the technical and allocative inefficiency enables distinguishing causes of inefficiency. We give the original economic interpretation of allocative efficiency which is the basis for determining the direction in which technology allows maximum savings and describing measures that a company should take.

Izvorni jezik
Engleski

Znanstvena područja
Matematika, Ekonomija

POVEZANOST RADA