Abstract
Measuring technological possibilities is a somewhat neglected topic in the productivity analysis literature. We discuss existing methods as well as an obvious alternative measure based on hypervolumes. We illustrate the use of a volume-based measure on an empirical case of demolition projects from two different companies and suggest ways of overcoming some issues related to the practical implementation. Finally, we discuss pros and cons of the various approaches.
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The fact that observation \( b_{2} \) is a dominated boundary point is not of importance here—it could have been strongly efficient as well. The example is chosen such as to make our argument as simple and clear as possible.
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Asmild, M., Hougaard, J.L. (2016). On Measuring Technological Possibilities by Hypervolumes. In: Aparicio, J., Lovell, C., Pastor, J. (eds) Advances in Efficiency and Productivity. International Series in Operations Research & Management Science, vol 249. Springer, Cham. https://doi.org/10.1007/978-3-319-48461-7_3
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DOI: https://doi.org/10.1007/978-3-319-48461-7_3
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