WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 17, 2020
(Special Issue: Mathematical Methods, Models and Information Technologies in Business and Economics, http://www.wseas.org/cms.action?id=23173, Organizer - Guest Editor: Prof. Vitalina Babenko) Efficiency of large firms operating in the Croatian food industry: Data envelopment analysis
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Abstract: The aim of this research was to estimate the overall technical, pure technical and scale efficiency of large firms operating in the Croatian food industry. The analysis was conducted using Data Envelopment Analysis, while applying both, CCR and BCC output-oriented model. With this approach, it was possible to identify efficient firms that can serve as examples of the best operating practice, as well as those inefficient firms which need to improve their performance. The obtained results revealed a high level of achieved overall technical, pure technical and scale efficiency, as well as the fact that firms in this industry mainly over-utilize the existing scale size.
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Pages: 487-495
DOI: 10.37394/23207.2020.17.47