Home > Research > Publications & Outputs > Multi-Stage Stochastic Frontier Analysis for Si...

Electronic data

  • paper

    Accepted author manuscript, 571 KB, PDF document

    Available under license: CC BY: Creative Commons Attribution 4.0 International License

Links

Text available via DOI:

View graph of relations

Multi-Stage Stochastic Frontier Analysis for Simple Networks

Research output: Contribution to Journal/MagazineJournal articlepeer-review

E-pub ahead of print
<mark>Journal publication date</mark>30/08/2024
<mark>Journal</mark>International Transactions in Operational Research
Publication StatusE-pub ahead of print
Early online date30/08/24
<mark>Original language</mark>English

Abstract

We develop a method for modelling multi-stage production using stochastic frontier analysis.
This approach is suitable for the analysis of costs or output where intermediate outputs become inputs into a subsequent stage of the production process, either within an organization or in the form of a supply chain. Our focus is on higher education institutions in England, and the purpose is to assess the performance of our novel methods using MCMC methods.
Without taking into full account of the complexity of the ’network’, key decisions cannot be made regarding intake quality, student/staff ratios, per-student spending or academic reputation (the last of which involves costly decisions in terms of academic openings and the profile of candidates desired for any given university).