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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Multi-Stage Stochastic Frontier Analysis for Simple Networks
AU - Johnes, Geraint
AU - Tsionas, Mike
AU - Izzeldin, Marwan
PY - 2024/8/30
Y1 - 2024/8/30
N2 - 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).
AB - 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).
KW - networks
KW - stochastic frontier analysis
U2 - 10.1111/itor.13538
DO - 10.1111/itor.13538
M3 - Journal article
JO - International Transactions in Operational Research
JF - International Transactions in Operational Research
SN - 0969-6016
ER -