Functional Estimation Of Technical Progress : An Operations Research Approach

Y. Vijaya Sekhara Reddy

ISBN 10: 3659503991 / ISBN 13: 9783659503993

Published by LAP LAMBERT Academic Publishing, 2014

About this Item

nach der Bestellung gedruckt Neuware - Printed after ordering - Technical change and its measurement is a fascinating subject. The various procedures to measure technical change fall into two categories (i).The parametric approach and (ii). The non-parametric approach. In theformer case, a parametric production function is postulated a priori, using it as basic tool, technical change is estimated. The present book aims at presenting a method to measure technicalprogress relaxing the assumptions of full profit efficiency and constant returns to scale. The method is essentially non-parametric, in which wesolve a number of linear programming problems, first to measure frontier technical change and hence, to estimate average technical change.The rate of shift of frontier production function is attributed to technical progress or innovation and rate of change in profit efficiency is assumed to be due to the CATCHING UP effort of the producer to reach the frontier.

Seller Inventory # 9783659503993

Bibliographic Details

• Title: Functional Estimation Of Technical Progress : An Operations Research Approach
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2014
• Language: English
• ISBN 10: 3659503991
• ISBN 13: 9783659503993
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 7D millimeters 220 millimeters width by 150 millimeters height by 7 millimeters depth
• Weight: 191 grams

About this title

Synopsis

Technical change and its measurement is a fascinating subject. The various procedures to measure technical change fall into two categories (i).The parametric approach and (ii). The non-parametric approach. In theformer case, a parametric production function is postulated a priori, using it as basic tool, technical change is estimated. The present book aims at presenting a method to measure technicalprogress relaxing the assumptions of full profit efficiency and constant returns to scale. The method is essentially non-parametric, in which wesolve a number of linear programming problems, first to measure frontier technical change and hence, to estimate average technical change.The rate of shift of frontier production function is attributed to technical progress or innovation and rate of change in profit efficiency is assumed to be due to the CATCHING UP effort of the producer to reach the frontier.

About the Author

He is Rtd Associate Professor in Sri Venugopala Swamy Degree College ,Nellore.He has 29 years of Teaching and Research Experience.He published many more Articles in International Journals.He Presented Several Research Papers in National/International Conferences/Seminars in All Over India.