Measures of farm business efficiency.
ABSTRACT Purpose – The aim of this paper is to investigate technical, scale, allocative and economic efficiencies by data envelopment analysis (DEA) and stochastic frontier methods to provide a decision-making tool and managerial implications in the measurement of farm business performance and efficiency. Design/methodology/approach – Technical, scale, allocative and economic efficiencies are analyzed with the Farm Accountancy Data Network (FADN) sample for 13 farm business branches in Slovenia in the period 1994-2003. DEA models are used with an output-orientation, three outputs and four inputs. The non-parametric DEA estimations are compared with a parametric stochastic frontier approach. The cluster analysis is used to identify three different farm business groups according to their performance. Findings – The average technical, scale, allocative and economic efficiencies for the whole FADN sample over the analyzed period are relatively high (around or over 0.90), suggesting that, although the FADN sample contains very different farms, the latter have similar management practices, and are similarly able to make the best use of the existing technology. Five farm branches (crop, dairy, livestock using own feed, fruit, and forestry) are fully efficient with respect to all four analyzed efficiency measures, suggesting that these specializations have the best chance to compete on the European and world markets. Originality/value – Studies of technical, scale, allocative and economic efficiencies are rare for transitional farm businesses, especially in Slovenia. The research contributes to the crucial issue of whether small family farm businesses might be able to compete on international markets, as Slovenian agriculture is characterized by such structures.
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ABSTRACT: The aim of this work is to examine the profitability of European Union wine grape growing by comparing some economic indicators extrapolated from information in the Farm Accountancy Data Network, data banks already widely used to analyse the income of European agricultural holdings. The results show that in recent years the profitability of European wine grape growing has grown overall, but to overcome the current economic crisis and face the challenge of “New World” wine producers, it is necessary to make an effort towards public intervention to increase the profitability of wine farms. In this context, the new reform of wine Common Market Organisation (2008) and new Common Agricultural Policy (2007–2013) aimed at improving the profitability of wine grape growing by reducing production costs, increasing added value of wine, promoting the participation of farmers in food quality schemes, etc.Journal of Wine Research 03/2013; 24(1). DOI:10.1080/09571264.2012.724392
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ABSTRACT: Purpose ‐ Nowadays, diversity management in business organizations becomes so imperative in a time-sensitive business. However, diversity should not be measured as a static number. To better understand the fast-changing terrain, the paper aims to strongly propose using the tracking signal method to dynamically monitor the efficiency performance in regard to the future of diversity and best practices. This will allow diversity to play a more strategic role in cultivating sustainable business growth. Design/methodology/approach ‐ The paper employs the tracking signal, widely used to monitor the performance of a forecasting model, with some extension to dynamically monitor the technical efficiency due to its ability in alarming out-of-control signals. Findings ‐ The approach is considered as a quantitative, objective and reasonable evaluation system because it can quickly alert employees with inferior performance and promote those with persistently outstanding performance. It also provides managers the right timing to find assignable causes affecting their workers' performance. Most importantly, it can be unsophisticatedly implemented in many aspects of efficiency evaluation for assisting organizations to improve their competitive power through efficiency gains and well expedite their broadly managerial decisions. Originality/value ‐ The majority of previous researches aggregate multi-dimensional efficiencies by different weighting strategies into a single index before making their judgments. These approaches mainly focus on the first phase of the decision-making procedure by considering the efficiency in a static-state. As efficiency is time-sensitive, it should be evaluated dynamically. Thus, serving as the second phase of the procedure, the method is a complement of previous researches.Industrial Management & Data Systems 09/2013; 113(9). DOI:10.1108/IMDS-02-2013-0094 · 1.35 Impact Factor
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ABSTRACT: Proceedings of the 12th International Conference on Data Envelopment Analysis, DEA2014, April 2014, Kuala Lumpur, Malaysia Citation: Emrouznejad, A., R. Banker R., S. M. Doraisamy and B. Arabi (2014), Recent Developments in Data Envelopment Analysis and its Applications: Proceedings of the 12th International Conference of DEA, April 2014, Kuala Lumpur, Malaysia, ISBN: 978 1 85449 487 011/2014; , ISBN: 978 1 85449 487