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What is Decision-Making Units

Chapter 6
Encyclopedia of Organizational Knowledge, Administration, and Technology
The decision-making unit (DMU) is a collection or team of individuals who participate in a buyer decision process.
Published in Chapter:
Technical Efficiency Through Innovative Methods and Estimations in Financial Markets
Aikaterini Kokkinou (Higher Military Academy, Greece)
Copyright: © 2021 |Pages: 16
DOI: 10.4018/978-1-7998-3473-1.ch006
Abstract
This paper investigates technical efficiency estimation in financial markets, using both parametric and non-parametric techniques: parametric Stochastic Frontier Analysis (SFA) approach or non-parametric Data Envelopment Analysis (DEA). This chapter focuses on reviewing the stochastic frontier analysis literature regarding estimating inefficiency in financial markets level, as well as explaining producer heterogeneity along with the relationships with productive efficiency level. This chapter investigates technical efficiency estimation in financial markets, using both parametric and non-parametric techniques: parametric Stochastic Frontier Analysis (SFA) approach or non-parametric Data Envelopment Analysis (DEA). More specifically, this chapter focuses on reviewing the stochastic frontier analysis literature regarding estimating inefficiency, its industrial level, as well as explaining producer heterogeneity along with the relationships with productive efficiency level.
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