International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Tools for Measurement the Efficiency -Some Models and Its Applications
Iulian Lita

Running the business as efficiently as possible - using human, natural and financial resources - has become the central objective for the development of any society. The efficiency of a firm can really be expressed by comparing the observed values of the input used by the firm and its output values with optimal input and / or output. In the literature, there are two approaches to determine the production boundary (parametric and nonparametric), both using information on the inputs used and the outputs produced by a producer group. This paper presents a non-parametric techniques named Data Envelopment Analysis (DEA) and its applications.

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