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3. DEA & SFA (Comb) 4 Day - Course 2018

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Course Information

ABS

Regular Registration - Non Student

DEA course: 16-17th January 2018
SFA course: 18-19th January 2018

Register before 1st December 2017 and save £200

The aim of these two courses is to enable participants to understand how Data Envelopment Analysis (DEA) and Econometric Methods including Stochastic Frontier Analysis (SFA) can be used to derive measures of efficiency and productivity change over time in complex multi-output multi-input contexts in the production of goods and services.

Course Code

ABS-DEA&SFA18

Course Dates

16th January 2018 – 19th January 2018

Course Leader

E.Thanassoulis

Course Fee

£2200.00
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

 

Course on Performance Measurement using Data Envelopment Analysis (DEA)          

Date: January 16-17, 2018

Apart from the classical DEA models under constant and variable returns to scale, the course will cover models for assessing productivity change over time, for incorporating value judgements in DEA, for target setting and exploiting economies of scale, for dealing with cases where some of the variables obey constant and others varying returns to scale etc. The course will use various areas of application drawn from the interests of the participants to illustrate the models. The PIM DEA software will be used for hands on-sessions by participants.

Day 1- Morning 

  • Understand principles behind the non-parametric performance measurement
  • An illustrative assessment by DEA.

Day 1- Afternoon

  • Basic DEA models for measuring efficiency in multi-input multi-output situations.
  • Advanced DEA models including Malmquist productivity indices and the use of DEA software.

Day 2- Morning

  • Assessment under variable returns to scale, scale efficiency, most productive scale size and target setting.
  • Incorporating value judgement in DEA.

Day 2- Afternoon

  • Illustrative applications of DEA drawn from the delegates’ work experience.
  • Advanced features of PIM-DEA software.

 

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.

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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