Measuring The Relative Efficiency of Tournaments
نویسندگان
چکیده
منابع مشابه
Measuring Relative Efficiency and Effectiveness
The performance of an organization is a function of its efficiency and effectiveness. Efficiency is the degree to which inputs are used to produce outputs. Effectiveness is the degree to which organizational goals are met. Efficiency provides a starting point for our discussion, as it continues to be an active area of research. Efficiency is defined as the ratio of total output to total input. ...
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data envelopment analysis (dea) is a powerful tool for measuring relative efficiency of organizational units referred to as decision making units (dmus). in most cases dmus have network structures with internal linking activities. traditional dea models, however, consider dmus as black boxes with no regard to their linking activities and therefore do not provide decision makers with the reasons...
The selection efficiency of tournaments
We discuss tournaments in terms of their efficiency as probabilistic mechanisms that select high-quality alternatives (“players”) in a noisy environment. We use two criteria of selection efficiency: the expected quality of the winner, and the expected rank of the winner. Using a simple model, we demonstrate analytically and with simulations how the two criteria depend on the number of players, ...
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Self-Selection and the Efficiency of Tournaments When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), i...
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Data Envelopment Analysis (DEA) is an eciency measurement tool for evaluation of similar Decision Making Units (DMUs). In DEA, weights are assigned to inputs and outputs and the absolute eciency score is obtained by the ratio of weighted sum of outputs to weighted sum of inputs. In traditional DEA models, this measure is also equivalent with relative eciency score which evaluates DMUs in compar...
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ژورنال
عنوان ژورنال: Journal of Sports Research
سال: 2015
ISSN: 2413-8436,2410-6534
DOI: 10.18488/journal.90/2015.2.3/90.1.62.76