scholarly journals Technical efficiency of the Chilean AFP

2019 ◽  
Vol 17 (2) ◽  
Author(s):  
Sebastián Cristóbal Araya-Pizarro ◽  
Luperfina Rojas-Escobar
Keyword(s):  
Technical Efficiency ◽  
Pension Fund ◽  
Maximum Efficiency ◽  
Data Envelopment ◽  
Allocation Of Resources ◽  
Average Efficiency ◽  
Fund Managers ◽  
Fixed Assets ◽  
Personnel Expenses ◽  
Investment In Fixed Assets

The research analyzes the degree of technical efficiency of the pension fund managers of Chile (AFP), through the Data Envelopment Analysis (DEA CCR-O), efficiency measurement technique that studies the performance of productive units under a treatment multidimensional non-parametric variable. The model proposed in the study considers as inputs personnel expenses and investment in fixed assets; and as income the commission income. The results show that the average efficiency of the entities for the years 2011-2017 was 68% and that only the AFP Model presented the maximum efficiency for the period analyzed. It is concluded that the allocation of resources destined to the administration of pension funds is susceptible to be improved about the estimated technical efficiency.RESUMENLa investigación analiza el grado de eficiencia técnica de las administradoras de fondos de pensiones de Chile (AFP), mediante el Análisis Envolvente de Datos (DEA CCR-O), técnica de medición de la eficiencia que estudia el desempeño de unidades productivas bajo un tratamiento multidimensional no-paramétrico de las variables. El modelo planteado en el estudio considera como entradas los gastos de personal y la inversión en activos fijos; y como salida los ingresos por comisiones. Los resultados muestran que la eficiencia promedio de las entidades para los años 2011-2017, fue de 68% y que solo la AFP Modelo presentó la eficiencia máxima para el periodo analizado. Se concluye que la asignación de los recursos destinados a la administración de fondos de pensiones es susceptible de ser mejorada en lo concerniente a la eficiencia técnica estimada.RESUMOA pesquisa analisa o grau de eficiência técnica dos gestores de fundos de pensão do Chile (AFP), por meio da Análise Envoltória de Dados (DEA CCR-O), técnica de medição de eficiência que estuda o desempenho das unidades produtivas em tratamento. variáveis não paramétricas multidimensionais. O modelo proposto no estudo considera como insumos gastos com pessoal e investimento em ativos fixos; e como rendimento o rendimento de comissões. Os resultados mostram que a eficiência média das entidades para os anos 2011-2017 foi de 68% e que apenas o Modelo AFP apresentou a máxima eficiência para o período analisado. Conclui-se que a alocação de recursos destinados à administração de fundos de pensão é suscetível de ser melhorada quanto à eficiência técnica estimada.

scholarly journals How efficient are pension fund managers in Chile?

2005 ◽  
Vol 9 (2) ◽  
pp. 289-311 ◽  
Author(s):  
Armando Barrientos ◽  
Aziz Boussofiane
Keyword(s):  
Technical Efficiency ◽  
Pension Fund ◽  
Pension Reform ◽  
Data Envelopment ◽  
Efficiency Frontier ◽  
Upward Trend ◽  
Rates Of Return ◽  
Fund Managers ◽  
Pension Fund Management

The paper measures and evaluates technical efficiency among pension fund managers in Chile. Recent pension reform has established pension fund management market in nine countries in Latin America. The new pension providers compete for affiliates on the basis of fees, rates of return, and quality of service, and are subject to extensive regulation. Applying data envelopment analysis to data from Chile 1982-1999, the paper examines issues of efficiency, competition, and regulation. The analysis concludes that pension fund managers operate below the estimated "efficiency frontier", and there is no evidence of a sustained upward trend in technical efficiency over time.

scholarly journals The efficiency analysis of organic and conventional olive farms: Case of Turkey

2010 ◽  
Vol 56 (No. 2) ◽  
pp. 89-96 ◽  
Author(s):  
M.M. Artukoglu ◽  
A. Olgun ◽  
H. Adanacioglu
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Efficiency Analysis ◽  
Data Envelopment ◽  
Average Efficiency ◽  
Total Potential ◽  
Input And Output ◽  
Study Results ◽  
Crs Model ◽  
Potential Improvement

This paper investigates technical and economically efficiency of 62 organic and 62 conventional olive producing farms in Turkey. According to the study results; by using the CRS model which is input and output-oriented, the average technical efficiency of organic olive farms is 67.68%, the average technical efficiency of conventional olive farms is 47.93%. The technical efficiency of the output-oriented VRS model is 74.78%, and the technical efficiency of the input-oriented VRS model is 93.46%. Also, considering the same model, the average efficiency of the conventional olive farms in the input and output are 59.58% and 94.97%, respectively. Therefore, according to the Data Envelopment Analysis, the technical efficiency in conventional olive farms is less than in the organic ones. When the farms have been evaluated one by one in the light of the total potential improvement values, inputs and outputs, improvement is needed in all values.

EFFICIENCY OF SLELECTED FARM TYPES IN LUBLIN PROVINCE IN 2014-2016

2018 ◽  
Vol XX (5) ◽  
pp. 206-211 ◽  
Author(s):  
Alina Syp ◽  
Adam Kagan ◽  
Dariusz Osucha
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Scale Efficiency ◽  
Data Envelopment ◽  
Average Efficiency ◽  
Field Crops ◽  
Pig Farms ◽  
Dea Models ◽  
Large Crop ◽  
Farm Types

The aim of the study was to present changes in the efficiency of farms specializing in crops and pigs production in the Lublin province. To perform the analysis the empirical data for large crop and pig farms collected in Polish FADN system in the years 2014-2016 were applied. The level of efficiency was determined using input oriented Data Envelopment Analysis (DEA) models. In the studied years, in the field crops farms ratios of technical efficiency and scale efficiency remained at the same level, whereas the value of pure technical efficiency slightly increased. In the pig holdings, all efficiency indices have deteriorated. Comparing the average efficiency results according to farm specialization it was found that filed crops farms were more efficient than crop farms.

scholarly journals Evaluating the Operational Efficiency and Quality of Tertiary Hospitals in Taiwan: The Application of the EBITDA Indicator to the DEA Method and TOBIT Regression

Healthcare ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 58
Author(s):  
Chung-Shun Lin ◽  
Cheng-Ming Chiu ◽  
Yi-Chia Huang ◽  
Hui-Chu Lang ◽  
Ming-Shu Chen
Keyword(s):  
Technical Efficiency ◽  
Turnover Rate ◽  
Scale Efficiency ◽  
Tobit Regression ◽  
Average Efficiency ◽  
Medical Centers ◽  
Fixed Assets ◽  
Hospital Beds ◽  
Tertiary Hospitals ◽  
Ccr Model

This study estimates the efficiency of 19 tertiary hospitals in Taiwan using a two-stage analysis of Data Envelopment Analysis (DEA) and TOBIT regression. It is a retrospective panel-data study and includes all the tertiary hospitals in Taiwan. The data were sourced from open information hospitals legally required to disclose to the National Health Insurance (NHI) Administration, Ministry of Health and Welfare. The variables, including five inputs (total hospital beds, total physicians, gross equipment, fixed assets net value, the rate of emergency transfer in-patient stay over 48 h) and six outputs (surplus or deficit of appropriation, length of stay, the total relative value units [RVUs] for outpatient services, total RVUs for inpatient services, self-pay income, modified EBITDA) were adopted into the Charnes, Cooper and Rhodes (CCR) and Banker, Charnes and Cooper (BCC) model. In the CCR model, the technical efficiency (TE) from 2015–2018 increases annually, and the average efficiency of all tertiary hospitals is 96.0%. In the BCC model, the highest pure technical efficiency (PTE) was in 2018 and the average efficiency of all medical centers is 99.1%. The average scale efficiency of all medical centers was 96.8% in the BBC model, meaning investment can be reduced by 3.2% and the current production level can be maintained with a fixed return to scale. Correlation coefficient analysis shows that all variables are correlated positively; the highest was the number of beds and the number of days in hospital (r = 0.988). The results show that TE in the CCR model was similar to PTE in the BCC model in four years. The difference analysis shows that more hospitals must improve regarding surplus or deficit of appropriation, modified EBITDA, and self-pay income. TOBIT regression reveals that the higher the bed-occupancy rate and turnover rate of fixed assets, the higher the TE; and the higher number of hospital beds per 100,000 people and turnover rate of fixed assets, the higher the PTE. DEA and TOBIT regression are used to analyze the other factors that affect medical center efficiency, and different categories of hospitals are chosen to assess whether different years or different types of medical centers affect operational performance. This study provides reference values for the improvable directions of relevant large hospitals’ inefficiency decision-making units through reference group analysis and slack variable analysis.

scholarly journals ANALISIS EFISIENSI TEKNIS BANK PEMBANGUNAN DAERAH DI INDONESIA PERIODE TAHUN 2008 – 2009 DENGAN MENGGUNAKAN METODE DEA (DATA ENVELOPMENT ANALYSIS)

Media Ekonomi ◽  
2017 ◽  
Vol 19 (2) ◽  
pp. 52
Author(s):  
Amrina Rosyada
Keyword(s):  
Data Envelopment Analysis ◽  
Regional Development ◽  
Technical Efficiency ◽  
Maximum Efficiency ◽  
Data Envelopment ◽  
Net Income ◽  
Development Bank ◽  
Input Variables ◽  
Regional Development Banks ◽  
Regional Development Bank

The purpose of this research is to acknowledge the level of efficiency from Regional Development Bank (Bank Pembangunan Daerah)/BPD) in Indonesia. This research use non - parametric approach which is DEA (Data Envelopment Analysis), to measure the efficiency of input and output of the Regional Development Banks. The input variables include are interest expense, administration and public expenses and salary expenses and the output variables are interest net income and other operasional income. The research concluded shows that the performance of the technical efficiency of banks BPD is not all reach the level of 100% and showed a fluctuation grow from 2008 – 2009. Pursuant to the technical efficiency level showed that there are 4 banks from 26 existing banks are showing a maximum efficiency. While the remaining 21 BPD banks fluctuating during 2008 to 2009. Keywords : Efficiency, Data Envelopment Analysis (DEA), Regional Development Bank

scholarly journals Evaluación de la eficiencia técnica de los municipios del departamento de Punilla, Córdoba, Argentina. / Evaluation of the technical efficiency of the municipality administrations in the Punilla District of Córdoba Province, Argentina.

2020 ◽  
pp. 22-33
Author(s):  
Claudia Beatriz Peretto ◽  
Graciela Inés Cáceres
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Data Envelopment ◽  
Allocation Of Resources

Se analizan las capacidades institucionales de los municipios del departamento Punilla (Córdoba, Argentina) mediante el cálculo de la eficiencia técnica, para los períodos 2017-2018. Se utiliza la técnica Análisis Envolvente de Datos (DEA), output orientado. Los resultados muestran que para ser eficientes algunos municipios, de los 16 bajo estudio, deben realizar importantes mejoras en la administración y asignación de recursos. ABSTRACT: Institutional capacities of the municipalities of the Punilla department (Córdoba), are analyzed through the technical efficiency, for the period 2017-2018.The Data Envelopment Analysis (DEA) technique is used, output oriented. The results show that to be efficient several municipalities, of the 16 under study, must make significant improvements in the administration and allocation of resources.      

scholarly journals EFFICIENT COMPARISON OF THE TOP 10 LARGEST COMMERCIAL BANKS IN INDONESIA: DEA (DATA ENVELOPMENT ANALYSIS)

2021 ◽  
Vol 11 (3) ◽  
pp. 427
Author(s):  
Ari Christianti
Keyword(s):  
Data Envelopment Analysis ◽  
Commercial Banks ◽  
Banking Industry ◽  
Maximum Efficiency ◽  
Data Envelopment ◽  
Labor Costs ◽  
Banking Efficiency ◽  
Parametric Data ◽  
Fixed Assets ◽  
Using Data

Banking efficiency is very important in supporting the success of macro policies specifically, maintaining the sustainability of development that affects economic growth and social welfare. This study discusses the efficiency of commercial banks for the 2015-2019 period using data from the 10 largest commercial banks in Indonesia. The methodology used is non-parametric, Data Envelopment Analysis, to analyze technical efficiency. The results showed that 7 banks had a maximum efficiency level consistently during the study period and there were still 3 banks that did not reach the maximum efficiency but during certain periods or periods. Based on the results of the DEA, inefficient banks in a certain period can achieve maximum efficiency by reducing inputs such as labor costs, net fixed assets, and the number of deposits. This might be attributed that the competition in the banking industry and because not all inputs could be controlled by management, some large banks cannot maintain their level of efficiency consistently.

scholarly journals How efficient are public sector banks in India? A non-parametric approach

2020 ◽  
Vol 15 (4) ◽  
pp. 108-120
Author(s):  
Sangeetha R
Keyword(s):  
Public Sector ◽  
Technical Efficiency ◽  
Productivity Growth ◽  
Data Envelopment ◽  
Managerial Performance ◽  
Public Sector Banks ◽  
Fixed Assets ◽  
Dea Analysis ◽  
Input Variables ◽  
Using Data

This study examines the efficiency of Public Sector Banks (PSBs) in India using Data Envelopment Analysis (DEA). Analysis is carried out on a sample of 19 PSBs that are existed during the study period from 2005 to 2018. There are two different aspects deliberated, namely technical efficiency of PSBs and the growth in their productivity. Input variables envisaged for the study are deposits, borrowings, fixed assets, and the number of employees. Loans and advances along with investments act as output variables to measure technical efficiency and productivity. The results indicate that the technical efficiency of PSBs ranges between 97% and 100%. Corporation Bank, Indian Bank, and Oriental Bank of Commerce outperformed their peers with 100% technical efficiency. Productivity growth among the sampled banks during the study period stood between 0.8% and 20%. However, Corporation Bank, Indian Bank, and Oriental Bank of Commerce registered 9.1%, 5.4% and 6.4% productivity growth, respectively. The results reveal that PSBs are working hard to optimize resource utilization. Researchers around the world can use DEA as a tool to measure the efficiency of banks with different input and output variables related to financial, marketing and managerial performance. AcknowledgmentI like to express my profound thanks to Dr Kishore Selva Babu for rendering his language expertise. I also thank all the anonymous reviewers for their valuable comments and feedback that greatly improved the manuscript.

scholarly journals Evaluación de la eficiencia técnica de los municipios del departamento de Punilla, Córdoba, Argentina. / Evaluation of the technical efficiency of the municipality administrations in the Punilla District of Córdoba Province, Argentina.

2020 ◽  
pp. 22-33
Author(s):  
Claudia Beatriz Peretto ◽  
Graciela Inés Cáceres
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Data Envelopment ◽  
Allocation Of Resources

Se analizan las capacidades institucionales de los municipios del departamento Punilla (Córdoba, Argentina) mediante el cálculo de la eficiencia técnica, para los períodos 2017-2018. Se utiliza la técnica Análisis Envolvente de Datos (DEA), output orientado. Los resultados muestran que para ser eficientes algunos municipios, de los 16 bajo estudio, deben realizar importantes mejoras en la administración y asignación de recursos. ABSTRACT: Institutional capacities of the municipalities of the Punilla department (Córdoba), are analyzed through the technical efficiency, for the period 2017-2018.The Data Envelopment Analysis (DEA) technique is used, output oriented. The results show that to be efficient several municipalities, of the 16 under study, must make significant improvements in the administration and allocation of resources.      

scholarly journals Analisis Tingkat Efisiensi BPRS di Jawa Barat dengan Metode Data Envelopment Analysis (DEA)

2021 ◽  
Vol 1 (2) ◽  
pp. 424-434
Author(s):  
Iqlima Yulian Pebrianti
Keyword(s):  
Data Envelopment Analysis ◽  
Islamic Banking ◽  
Data Envelopment ◽  
Labor Costs ◽  
West Java ◽  
Operating Income ◽  
Average Efficiency ◽  
Fixed Assets ◽  
Input Variables ◽  
Quantitative Descriptive

Global Islamic banking has developed rapidly. However, various challenges are still faced by Islamic banking, one of them is efficiency. This study aims to reveal the level efficiency of BPRS and to show the most inefficient variables. This research is quantitative descriptive. The sample is BPRS in West Java. The input variables used in this study: total savings, labor costs, total fixed assets, and capital. The Output is: total financing and other operating income with DEA, VRS model and intermediation approach for the method. The results of this study indicate that BPRS in West Java are still experiencing a fluctuating trend of efficiency and have an average efficiency of 94.52%. This shows that the BPRS in West Java are not yet efficient, but the BPRS in West Java are approaching the point of efficiency and are good enough in carrying out their role as intermediary institutions.

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