Abstract
Using theoretical analysis and simulation, this research compared and assessed the three evaluation indices used in quantitative evaluation among management evaluations of public institutions: target-to-performance, target assignment, and target assignment (deviation). Large-scale manufacturing-related enterprises often maintain performance-related measures like growth rate and trade volume at a consistent, not-very-high level if marginal production declines. Based on the simulation result, the evaluation score was structurally high in the following order: target-to-performance, target assignment, and target assignment (deviation), whereas the standard deviation followed the same sequence: target assignment (deviation), target assignment, and target-to-performance. Additionally, the past performance had a positive (+) impact on all evaluation indices. In other words, the evaluation score raised as past performance increased. Also, the evaluation score declined as past performance decreased as well. These findings suggest that the efficiency of the assessed institution may be decreased if the assessment index itself, rather than management performance, has a significant impact on the evaluation.
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