Abstract
As explained in Chap. 1, there are two dominant approaches to modern benchmarking. One is the DEA approach discussed in some detail in Chap. 4; the other is the stochastic frontier analysis (SFA) approach, which we will cover in this chapter. Our coverage of the SFA approach will be briefer than our coverage of the DEA approach because we believe that DEA has somewhat more to offer managers than SFA.KeywordsStochastic Frontier Analysis (SFA)Corrected Ordinary Least Squares (COLS)Inefficiency TermDeterministic Frontier ModelsFarrell Input EfficiencyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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