Normal-Rayleigh Stochastic Production Frontier Model
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Keywords:
Rayleigh distribution, Normal-Rayleigh stochastic production frontier model, Technical efficiency, Maximum likelihood estimationAbstract
In the production field, Stochastic Production Frontier Analysis (SPFA) plays a principal role in the measurement of technical efficiency. This paper presents the derivation of Normal-Rayleigh Stochastic Production Frontier Model (NRSPFM)for the estimation of technical efficiency. By using Maximum likelihood estimation method, the parameters of the model were evaluated.
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