This study attempts to measure the inefficiency associated with aggregate investment in a transitional economy. The inefficiency is decomposed into allocative and production inefficiency based on standard production theory. Allocative inefficiency is measured by disequilibrium investment demand. Institutional factors are then taken into consideration as possible explanatory variables of the dis...

Energy inefficiency is an influential non-functional issue for smartphone applications, causing increased concerns from users. Locating these problems is labor-intensive, thus automated diagnosis tools are in demand. Some existing approaches detect energy inefficiency problems by exploring application states with the JPF framework, and get favorable results. However, the effects of these approa...

This study deepens the measurement of technical inefficiency in private maize farming in Georgia, applying iocelly parametric (LP) r eg ression method, whicb builds on the stochastic frantier production function appraach. Detailed survey data for 221 mixed farms for 1997 are used in the estimations. Findings suggest: (i) maize production can be further increased by breaking up large farms into ...

The payoff distribution pricing model (PDPM) of Dybvig [13] is a powerful tool for measuring the inefficiency of any investment strategy in a multiperiod setting. In this study, we extend the PDPM in three major ways. Firstly, we develop an operational formula for computing the inefficiency amount of a strategy. Secondly, we use six different investment horizons spanning from one month to five ...