A literature review of economic efficiency assessments using data envelopment analysis

Ana Santos Camanho; Maria Conceição Silva; Fabio Sartori Piran; Daniel Pacheco Lacerda

doi:10.1016/j.ejor.2023.07.027

A literature review of economic efficiency assessments using data envelopment analysis

Ana Santos Camanho^*, Maria Conceição Silva, Fabio Sartori Piran, Daniel Pacheco Lacerda

^*Corresponding author for this work

Research output: Contribution to journal › Review article › peer-review

10 Citations (Scopus)

73 Downloads

Abstract

This paper presents a literature review on Data Envelopment Analysis assessments of economic efficiency, covering methodological developments and empirical applications. We review the seminal models for economic efficiency measurement, involving the optimization of cost, revenue, and profit. The applications of the different modelling approaches are also discussed. Based on a content analysis of papers published between 1978 and 2020 in various sectors, the main areas of study are identified, and the pathways of research developments are discussed. Most studies are based on disaggregated quantity and price data. In addition, the use of panel data is prevalent compared to cross-sectional studies. There is a preponderance of input-oriented studies focused on cost efficiency rather than revenue or profit efficiency. Informed by the historical evolution of economic efficiency assessments portrayed in this review, we suggest directions for future developments.

Original language	English
Pages (from-to)	1-18
Number of pages	18
Journal	European Journal of Operational Research
Volume	315
Issue number	1
DOIs	https://doi.org/10.1016/j.ejor.2023.07.027
Publication status	Published - 16 May 2024

Keywords

Cost efficiency
Data envelopment analysis
Economic efficiency
Profit efficiency
Revenue efficiency

Access to Document

10.1016/j.ejor.2023.07.027Licence: CC BY

75476172Final published version, 0.99 MBLicence: CC BY

http://hdl.handle.net/10400.14/42684Licence: CC BY

Cite this

@article{372c7a391ad74e52971b889e36980bc8,

title = "A literature review of economic efficiency assessments using data envelopment analysis",

abstract = "This paper presents a literature review on Data Envelopment Analysis assessments of economic efficiency, covering methodological developments and empirical applications. We review the seminal models for economic efficiency measurement, involving the optimization of cost, revenue, and profit. The applications of the different modelling approaches are also discussed. Based on a content analysis of papers published between 1978 and 2020 in various sectors, the main areas of study are identified, and the pathways of research developments are discussed. Most studies are based on disaggregated quantity and price data. In addition, the use of panel data is prevalent compared to cross-sectional studies. There is a preponderance of input-oriented studies focused on cost efficiency rather than revenue or profit efficiency. Informed by the historical evolution of economic efficiency assessments portrayed in this review, we suggest directions for future developments.",

keywords = "Cost efficiency, Data envelopment analysis, Economic efficiency, Profit efficiency, Revenue efficiency",

author = "Camanho, {Ana Santos} and Silva, {Maria Concei{\c c}{\~a}o} and Piran, {Fabio Sartori} and Lacerda, {Daniel Pacheco}",

note = "Funding Information: This work is financed by National Funds through the FCT - Funda{\c c}{\~a}o para a Ci{\^e}ncia e a Tecnologia, I.P. (Portuguese Foundation for Science and Technology) within the project eduBEST - Education Systems Benchmarking with Frontier Techniques, with reference 2022.08686.PTDC. Publisher Copyright: {\textcopyright} 2023 The Author(s)",

year = "2024",

month = may,

day = "16",

doi = "10.1016/j.ejor.2023.07.027",

language = "English",

volume = "315",

pages = "1--18",

journal = "European Journal of Operational Research",

issn = "0377-2217",

publisher = "Elsevier",

number = "1",

}

TY - JOUR

T1 - A literature review of economic efficiency assessments using data envelopment analysis

AU - Camanho, Ana Santos

AU - Silva, Maria Conceição

AU - Piran, Fabio Sartori

AU - Lacerda, Daniel Pacheco

N1 - Funding Information: This work is financed by National Funds through the FCT - Fundação para a Ciência e a Tecnologia, I.P. (Portuguese Foundation for Science and Technology) within the project eduBEST - Education Systems Benchmarking with Frontier Techniques, with reference 2022.08686.PTDC. Publisher Copyright: © 2023 The Author(s)

PY - 2024/5/16

Y1 - 2024/5/16

N2 - This paper presents a literature review on Data Envelopment Analysis assessments of economic efficiency, covering methodological developments and empirical applications. We review the seminal models for economic efficiency measurement, involving the optimization of cost, revenue, and profit. The applications of the different modelling approaches are also discussed. Based on a content analysis of papers published between 1978 and 2020 in various sectors, the main areas of study are identified, and the pathways of research developments are discussed. Most studies are based on disaggregated quantity and price data. In addition, the use of panel data is prevalent compared to cross-sectional studies. There is a preponderance of input-oriented studies focused on cost efficiency rather than revenue or profit efficiency. Informed by the historical evolution of economic efficiency assessments portrayed in this review, we suggest directions for future developments.

AB - This paper presents a literature review on Data Envelopment Analysis assessments of economic efficiency, covering methodological developments and empirical applications. We review the seminal models for economic efficiency measurement, involving the optimization of cost, revenue, and profit. The applications of the different modelling approaches are also discussed. Based on a content analysis of papers published between 1978 and 2020 in various sectors, the main areas of study are identified, and the pathways of research developments are discussed. Most studies are based on disaggregated quantity and price data. In addition, the use of panel data is prevalent compared to cross-sectional studies. There is a preponderance of input-oriented studies focused on cost efficiency rather than revenue or profit efficiency. Informed by the historical evolution of economic efficiency assessments portrayed in this review, we suggest directions for future developments.

KW - Cost efficiency

KW - Data envelopment analysis

KW - Economic efficiency

KW - Profit efficiency

KW - Revenue efficiency

UR - http://www.scopus.com/inward/record.url?scp=85169820132&partnerID=8YFLogxK

U2 - 10.1016/j.ejor.2023.07.027

DO - 10.1016/j.ejor.2023.07.027

M3 - Review article

AN - SCOPUS:85169820132

SN - 0377-2217

VL - 315

SP - 1

EP - 18

JO - European Journal of Operational Research

JF - European Journal of Operational Research

IS - 1

ER -

A literature review of economic efficiency assessments using data envelopment analysis

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

eduBEST: Education systems benchmarking with frontier techniques

CEGE: Research Center in Management and Economics

Cite this

A literature review of economic efficiency assessments using data envelopment analysis

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Projects

eduBEST: Education systems benchmarking with frontier techniques

CEGE: Research Center in Management and Economics

Cite this