Benchmarking and Productivity Analyses with Economic Applications - ONLINE

Updated: about 5 hours ago
Deadline: 13 Nov 2020

1105915

Course
Benchmarking and Productivity Analyses with Economic Applications - ONLINE

Faculty
Professor Peter Bogetoft, Department of Economics, CBS.

Course coordinator
Professor Peter Bogetoft, Department of Economics, CBS, pb.eco@cbs.dk

Prerequisites

A basic knowledge of quantitative methods and statistics is desirable, but the course will refresh the participants’ prior knowledge as we go along. The course will emphasize actual applications in research and consultancy, and will l train the use of opens source softwares like R. Participants are expected to bring their own notebooks to benefit fully from the hands-on activities.


Aim

The aim of this course is to introduce the participants to the theory and practice of performance evaluations and their usages in research, policy analyses, incentive schemes and regulation.


Course content

Background: Productivity and efficiency analysis is a rapidly growing, interdisciplinary field of research in economics, management sciences, and statistics. In addition to the empirical research on the magnitude, direction, and sources of productivity growth, this literature has produced quantitative methods such as data envelopment analysis (DEA) and stochastic frontier analysis (SFA), which have diffused beyond their traditional confinement to production settings. These tools are used in many different application areas including environment, development studies, education, finance, health care studies, natural resource management, public economics, and sports studies, among other fields. The tools and approaches of productivity analysis are equally well suited for micro-level analyses of firms and other decision-making units as well as macro-level cross-country comparisons. Integration with incentive theory, mechanism design and decision support systems makes the tools relevant also in normative applications


Teaching style

The course (5 ETCS) stretches over five days. Each day will consist of lecturing in the morning and part of the afternoon followed by conceptual discussions, presentation of applications, and hands-on exercises in the afternoon.


Lecture plan

Teaching Plan (Tentative)

 

Monday Lecture Readings
9-10 Course Introduction 
10-12 Introduction to Benchmarking - From Academic Studies to Managerial Advice BoOt11 Ch1, Bo12 Ch1
12-14 Regulatory Benchmarking BoOt11 Ch10, Bo12 Ch9
14-15 Efficiency Concepts BoOt11 Ch2, Bo12 Ch2
15-16 Getting started with R BoOt11 AppA+ Bo12 App A+Software Packages R-package
Tuesday

 9-10

Basic DEA BoOt11 Ch3+4, Bo12 Ch4

 10-12

Advanced DEA  BoOt11 Ch4+5

 12-14

The Benchmarking Process 1: Data Collection and Cleaning  Selected applied reports

14-16

Applications  To be decided
Wednesday

 9-11

Statistical analyses in DEA models  BoOt11 Ch6

 11-13

The Benchmarking Process 2: Model Specification  Selected applied reports

13-16

Appplications  To be decided
Thursday

 9-11

SFA and other parametric approaches  BoOt11 Ch7+8, Bo12 Ch5

 11-12

SFA in Benchmarking and Frontier packages  BoOt11 Ch8+Frienter R package

 12-14

The benchmarking process 3: Model Validation and Robustness  Selected applied reports

14-16

Applications  To be decided
Friday

 9-11

Mergers and Quota Trade  BoOt11 Ch9, Bo12 Ch7, AB07

 11-12

Benefit-of-doubt measures  BoWi20

 12-14

Rational efficiency, DEA based autions and other additional topics  BoHo03, BoKe20, BoNi08

14-15

Applications  To be decided

15-16

Evaluation, diploma and goodbye

Lunch will be served around 12'oclock and in the morning and afternoon, coffee ect will be available during the lectures.


Learning objectives

Specifically, the objectives are

  • To provide a basic understanding of state-of-the-art benchmarking, efficiency and productivity analyses methods using Data Envelopment Analyses (DEA), Stochastic Frontier Analyses (SFA) and related methods.
  • To provide training in the actual usage of such methods and associated software on different applications
  • To discuss the usage of performance evaluations to evaluate economic systems and to design decision support, reallocation mechanisms and incentive systems.

  • Exam
    A course certificate for the course is granted based on attendance and active participating.

    Other

    Start date
    09/11/2020

    End date
    13/11/2020

    Level
    PhD

    ECTS
    5

    Language
    English

    Course Literature

    The course will draw of original literature (articles) supplemented by text-book treatments:

    BoOt11: Bogetoft and Otto, Benchmarking with DEA, SFA and R, New York, pp. 1-351, 2011

    Bo12: Bogetoft, Performance Benchmarking: Measuring and Managing Performance, Springer, New York, pp. 1-255, 2012.

    R-package "Benchmarking", newest version

    IB-manual, Interactive Benchmarking, newest version

    Applications

    Will be slected based on students interests. Typically regulation, eduction, health, industry

    4-5 original articles

    Additional topics, including

    BoHo03: Bogetoft and Hougaard, Rational Inefficiency, Journal of Productivity Analysis, 20, pp. 243-271, 2003.

    BoKe20: Rational Slack, WP

    NoNi08: Bogetoft and Nielsen, DEA Based Auctions, European Journal of Operational Research, 184, 685-700, 2008

    BoWi20: Bogetoft and Wittrup, Benefit-of-the-doubt approach, WP


    Fee
    DKK 6,500 for PhD students - DKK 13,375 for non-PhD students (incl coffee, tea and lunch)

    Minimum number of participants
    13

    Maximum number of participants
    20

    Location
    The course is offered online.

    Contact information
    PhD Support
    Nina Iversen
    ni.research@cbs.dk
    +45 3815 2475

    Registration deadline
    12/10/2020

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