Stochastic Frontier Analysis (SFA) and econometric approaches for performance measurement

Description:

The aim of this course is to introduce participants to the econometric modelling of production and costs functions and to demonstrate how these concepts can be used to measure the efficiency of the relevant units that engage in these functions. The focus of this course will be on the practical applications of such techniques such as Corrected and Modified OLS (COLS and MOLS) and Stochastic Frontier Analysis (SFA), which is one of the most widely-used efficiency measurement approaches. The course includes a theoretical component, delivered mainly through short, interactive lectures, but the main focus is on a series of hands-on sessions that will allow the delegates to gain first-hand experience on how these techniques can be applied in practice.  The course would be of interest to those assessing performance of organisational units, both in the private but also in the public sector. The main objectives of this course are:

·         To introduce the participants to the notions of production and cost functions and how these can be transformed to frontier for the purposes of benchmarking.

·         To provide an overview of the most commonly used econometric techniques used for efficiency assessment and benchmarking.

·         To provide hands-on experience in the use of Stata, one of the most widely used econometric software package, for the purpose of applying the aforementioned techniques and carrying out a benchmarking exercise. 

Cost:

Student - £150
Staff - £250

Website and registration:

http://www.aston.ac.uk/aston-business-school/programmes/research/summer-school-in-advanced-research-methods/

Region:

West Midlands

Keywords:

Comparative and Cross National Research, Cross-Sectional Research, Survey and Questionnaire Design, Regression Methods, Longitudinal Data Analysis, Non-Parametric Approaches, Quantitative Approaches (other), Evidence-Based Policy and Practice, Regulatory and Legal Aspects, Data Envelopment Analysis , Performance Measurement , Performance Management , Stochastic Frontier Analysis , Benchmarking , Target Setting , Efficiency Measurement , Productivity Measurement

Related publications and presentations:

Comparative and Cross National Research
Cross-Sectional Research
Survey and Questionnaire Design
Regression Methods
Longitudinal Data Analysis
Non-Parametric Approaches
Quantitative Approaches (other)
Evidence-Based Policy and Practice
Regulatory and Legal Aspects

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