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Estimation of the Economic Efficiency of a Shift to the Achievable Production Potential

Author

Listed:
  • Aivazian, Sergei

    () (CEMI RAS, Moscow, Russia)

  • Afanasiev, Mikhail

    () (CEMI RAS, Moscow, Russia)

Abstract

Developing a concept of stochastic frontier we estimate the expected increase in the production volume achieved as a result of a shift to the achievable production potential. The expected economic effect of an activity of raising production efficiency is forecast. The distribution of the economic effect allowing analyzing risks related to an activity realization is given

Suggested Citation

  • Aivazian, Sergei & Afanasiev, Mikhail, 2009. "Estimation of the Economic Efficiency of a Shift to the Achievable Production Potential," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 15(3), pages 43-55.
  • Handle: RePEc:ris:apltrx:0036
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    References listed on IDEAS

    as
    1. Rafik Baccouche & Mokhtar Kouki, 2003. "Stochastic Production Frontier and Technical Inefficiency: A Sensitivity Analysis," Econometric Reviews, Taylor & Francis Journals, vol. 22(1), pages 79-91, February.
    2. Battese, George E. & Coelli, Tim J., 1988. "Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data," Journal of Econometrics, Elsevier, vol. 38(3), pages 387-399, July.
    3. Aivazian, Sergei & Afanasiev, Mikhail, 2007. "Estimation of Measures Directed at Management of Factors of Production Inefficiency," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 8(4), pages 27-41.
    4. Afanasiev, Mikhail, 2006. "A Model of the Production Potential with Managed Factors of Inefficiency," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 4(4), pages 74-89.
    5. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Айвазян С.А. & Афанасьев М.Ю., 2013. "К Оценке Стоимости Замещения Человеческого Капитала Сотрудника Компании," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 49(4), pages 62-70, октябрь.
    2. Mogilat , Anastasia & Ipatova, Irina, 2016. "Technical efficiency as a factor of Russian industrial companies’ risks of financial distress," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 42, pages 05-29.
    3. Sergey Aivazian & Mikhail Afanasyev, 2012. "The Models For Company'S Human Capital Estimation, Based On The Stochastic Frontier Approach," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(1), pages 7-26.
    4. Айвазян С.А. & Афанасьев М.Ю. & Руденко В.А., 2014. "Оценка Эффективности Регионов Рф На Основе Модели Производственного Потенциала С Характеристиками Готовности К Инновациям," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 50(4), pages 34-70, октябрь.
    5. Айвазян С.А. & Афанасьев М.Ю., 2012. "Модели Оценки Человеческого Капитала Компании, Основанные На Концепции Стохастической Границы," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 48(3), июль.
    6. Aivazian , Sergei & Afanasiev , Mikhail & Afanasyev, Alexander, 2009. "Economic Efficiency Estimation of Banks’ Activities Directed at Loans Products Advertisement," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 16(4), pages 46-59.
    7. Ipatova, Irina & Peresetsky, Аnatoly, 2013. "Technical efficiency of Russian plastic and rubber production firms," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 32(4), pages 71-92.

    More about this item

    Keywords

    Production potential; stochastic frontier; production function; technical efficiency; achievable production potential;

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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