Measuring productive efficiency in multiple product agribusiness firms: a dual approach

Measuring retail fertilizer plant efficiency is difficult, given the range of outputs produced by these multiple product firms. A frontier multiproduct cost function was employed to measure productive efficiency. Results suggest the average plant could lower variable costs by 10% through more effect...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	American journal of agricultural economics 1989-02, Vol.71 (1), p.116-125
1. Verfasser:	Alkridge, J.T
Format:	Artikel
Sprache:	eng
Schlagworte:	Allocative efficiency ANALISIS DE INSUMO-PRODUCTO ANALYSE INPUT OUTPUT Cost efficiency Cost estimates Cost functions COSTOS DE PRODUCCION COUT DE PRODUCTION EFFICACITE efficiency index Efficiency metrics EFICACIA ESTADOS UNIDOS DE AMERICA ETATS-UNIS Fertilizer industry Fertilizers FONCTION DE PRODUCTION frontier cost function FUNCIONES DE LA PRODUCCION INDUSTRIA DE FERTILIZANTES INDUSTRIE DES ENGRAIS Maximum likelihood estimation MEDICION MESURE MODELE MODELOS Multiproduct firm Plants Production diversification Productive efficiency PRODUCTIVIDAD PRODUCTIVITE Productivity measurement retail fertilizer plant SECTEUR AGROINDUSTRIEL SECTOR AGROINDUSTRIAL Technical efficiency Variable costs
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	Measuring retail fertilizer plant efficiency is difficult, given the range of outputs produced by these multiple product firms. A frontier multiproduct cost function was employed to measure productive efficiency. Results suggest the average plant could lower variable costs by 10% through more effective operations. Allocative inefficiency was minimal, indicating management should focus on improving technical efficiency. The limitations of employing a single-product model in a multiproduct situation are demonstrated.
ISSN:	0002-9092 1467-8276
DOI:	10.2307/1241780