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2. Stochastic Frontier Analysis (SFA)

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Course Information

ABS

Early Bird - Student Discount Rate

Aston Group of Efficiency and Productivity

Course on Stochastic Frontier Analysis (SFA)                                                                                 

Date: January 18-19, 2018

Participants will be introduced to the key underlying concepts of econometric methods in the context of efficiency and productivity analysis and to the types of information on performance that can be derived. Participants will also be introduced to the limitations of each approach and given advice how to use the methods appropriately, avoiding pitfalls. The course will cover Production and Cost functions, Corrected OLS regression (COLS), Modified OLS regression (MOLS), Stochastic Frontier Analysis (SFA) and panel data methods for efficiency and productivity analysis. Lectures will normally be followed by hands on sessions using sample data worked on with appropriate software.

 

Course Code

ABS-SFA18

Course Dates

18th January 2018 – 19th January 2018

Course Leader

Prof Emmanuel Thanassoulis

Course Fee

£550.00
Course Description

More information on the course can be found here:

http://www.aston.ac.uk/aston-business-school/research/departments/oim/agep/

 

 

Aston Group of Efficiency and Productivity

Date: January 18-19, 2018

Participants will be introduced to the key underlying concepts of econometric methods in the context of efficiency and productivity analysis and to the types of information on performance that can be derived. Participants will also be introduced to the limitations of each approach and given advice how to use the methods appropriately, avoiding pitfalls. The course will cover Production and Cost functions, Corrected OLS regression (COLS), Modified OLS regression (MOLS), Stochastic Frontier Analysis (SFA) and panel data methods for efficiency and productivity analysis. Lectures will normally be followed by hands on sessions using sample data worked on with appropriate software.

Day 1- Morning

  • Introduction to econometric models for the modelling of production and cost functions.
  • Introduction to STATA – Hands-on exercise using simple data sets.

Day 1- Afternoon

  • Deterministic approaches for efficiency measurement: Corrected OLS (COLS) and Modified OLS (MOLS)
  • Hands-on case study: The use of COLS for measuring efficiency.

Day 2- Morning

  • Introduction to Stochastic Frontier Analysis (SFA)
  • Utilising data over time: An introduction to panel data models for efficiency and productivity measurement

Day 2- Afternoon

  • Hands-on case study: The use of SFA for measuring efficiency
  • Illustrative applications of SFA drawn from the delegates’ work experience and open discussion

 

 

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