New insights into the stochastic ray production frontier

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F17%3A00478015" target="_blank" >RIV/00216208:11640/17:00478015 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.econlet.2017.04.006" target="_blank" >http://dx.doi.org/10.1016/j.econlet.2017.04.006</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.econlet.2017.04.006" target="_blank" >10.1016/j.econlet.2017.04.006</a>

Result language
angličtina
Original language name
New insights into the stochastic ray production frontier
Original language description
The stochastic ray production frontier was developed as an alternative to the traditional output distance function to model production processes with multiple inputs and multiple outputs. Its main advantage over the traditional approach is that it can be used when some output quantities of some observations are zero. In this paper, we briefly discuss – and partly refute – a few existing criticisms of the stochastic ray production frontier. Furthermore, we discuss some shortcomings of the stochastic ray production frontier that have not yet been addressed in the literature and that we consider more important than the existing criticisms: taking logarithms of the polar coordinate angles, non-invariance to units of measurement, and ordering of the outputs. We also give some practical advice on how to address the newly raised issues.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory

Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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