Title
Objective measurement of efficiency: applying single price model to rank hospital activities
Abstract
Single price model is a recent approach to measurement of efficiency from assumptions and developments which widely differ from data envelopment analysis. Its purpose is to rank the activities objectively with independence of the decision-maker's opinions and preferences as subjective factors of ranking. In this paper, the previous version of the model is reformed in critical aspects, extended and applied to a case of 27 hospital units with real world information on two inputs and four outputs. In this revised version, the axiomatic basis is reduced to a single assumption, and new general formal proofs are provided. As objectively implemented, the complete ranking leads to the most efficient activity and the most productive scale size in multiple output/input problems.
Year
DOI
Venue
2004
10.1016/S0305-0548(02)00231-9
Computers & OR
Keywords
DocType
Volume
hospital unit,hospital activity,single assumption,Health care production,efficient activity,axiomatic basis,Technical and scale indexes,complete ranking,critical aspect,Efficiency models,Complete ranking,previous version,single price model,data envelopment analysis,objective measurement,revised version
Journal
31
Issue
ISSN
Citations 
4
Computers and Operations Research
5
PageRank 
References 
Authors
0.61
1
2
Name
Order
Citations
PageRank
Enrique Ballestero112221.37
Jose A Maldonado2857.15