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On measures of productivity

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  • Eilon, Samuel
  • Teague, Judith

Abstract

The welfare of an individual enterprise, as well as that of the national economy, very much depends on productivity. But it appears that methods for determining measures of productivity are lamentably unsophisticated and lead to many ambiguities and inconsistencies. It is generally suggested that productivity represents some ratio of output to input, but existing measures of inputs and outputs are unsatisfactory, largely because they gloss over the difficulties of reducing multi-inputs and multi-outputs to single denominators. This paper examines certain approaches that may be developed to handle some of the measurement problems involved in this area.

Suggested Citation

  • Eilon, Samuel & Teague, Judith, 1973. "On measures of productivity," Omega, Elsevier, vol. 1(5), pages 565-576, October.
  • Handle: RePEc:eee:jomega:v:1:y:1973:i:5:p:565-576
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    Cited by:

    1. Coelli, Tim & Grifell-Tatje, Emili & Perelman, Sergio, 2002. "Capacity utilisation and profitability: A decomposition of short-run profit efficiency," International Journal of Production Economics, Elsevier, vol. 79(3), pages 261-278, October.
    2. Kamel Helali & Maha Kalai & Thouraya Boujelbene, 2016. "Short-run decomposition of profit efficiency and its relationship with the Tunisian manufacturing capacity utilisation," International Journal of Applied Management Science, Inderscience Enterprises Ltd, vol. 8(1), pages 38-51.
    3. Sahoo, Biresh K. & Tone, Kaoru, 2009. "Decomposing capacity utilization in data envelopment analysis: An application to banks in India," European Journal of Operational Research, Elsevier, vol. 195(2), pages 575-594, June.

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