Economic Dual Variables and Interpretations Quiz

InviolableSaturn avatar
InviolableSaturn
·
·
Download

Start Quiz

Study Flashcards

Questions and Answers

What does the variable $\lambda$ represent in the context of DEA optimization problem?

The input excesses and output shortfalls

In the CCR envelopment form, what does the variable $s_{i,r}^-$ represent in the output-oriented analysis?

Difference between actual and ideal output

What is the purpose of using the two-step procedure to identify technical and mix inefficiencies in DEA optimization?

To separate the technical inefficiency from mix inefficiency

What information is not explicitly provided by the CCR formulations in envelopment form?

<p>Amounts of input excesses and output shortfalls</p> Signup and view all the answers

What do CCR models in multiplier form provide?

<p>Measurement of technical efficiency</p> Signup and view all the answers

In DEA analysis, what do the duals of multiplier formulations help us understand?

<p>Non-radial counterparts of CCR models</p> Signup and view all the answers

What is the purpose of the BCC model in envelopment form?

<p>Measurement of pure technical efficiency</p> Signup and view all the answers

How can CCR and BCC radial models be extended to perform non-oriented analyses?

<p>By introducing slacks and reformulating the models</p> Signup and view all the answers

In the Charnes & Cooper Transformation, what does the variable '𝑢' represent?

<p>A multiplier for the outputs weights</p> Signup and view all the answers

What is the objective of the Input-oriented Analysis in the CCR Models?

<p>Maximize the sum of the input weights</p> Signup and view all the answers

According to Charnes, Cooper, and Rhodes (1978), what can be learned from the duals of the multiplier formulations?

<p>The relationship between inputs and outputs</p> Signup and view all the answers

What is the significance of the weights 𝑣 and 𝑢 in the CCR multiplier formulations?

<p>They reflect the contribution of each input and each output to the efficiency profile of a DMU</p> Signup and view all the answers

More Quizzes Like This

Economic Principles Quiz
8 questions

Economic Principles Quiz

IrreproachableMossAgate6526 avatar
IrreproachableMossAgate6526
Economic Activities Quiz
10 questions

Economic Activities Quiz

DetachableSmokyQuartz avatar
DetachableSmokyQuartz
Understanding Economic Systems
10 questions

Understanding Economic Systems

ResplendentMorningGlory avatar
ResplendentMorningGlory
Use Quizgecko on...
Browser
Browser