MCDM'06 - paper no. 5


 

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Application of DEA method to the evaluation of the efficiency of Polish open pension funds in the years 2004-2006

Dorota Miszczyńska, Marek Miszczyński

Abstract:

The subject of this analysis is Open Pension Funds (OPF) in the period from 2004 to 2006. The purpose of this analysis is the measurement of technical efficiency of OPF. What was applied in this evaluation was the Data Envelopment Analysis (DEA). Data related to the volume of inputs (number of members, operating costs per capita) and the size of outputs (net assets, result of investments, accounting unit's values) allowed to construct basic models of DEA (output oriented); the CCR model (constant returns to scale), BCC model (variable returns to scale) and NIRS model (non-increasing returns to scale). In order to evaluate changes in efficiency of each OPF (in the years 2004-2006) the distances of Shephard being the basis for the Malmquist indexes were calculated.

Keywords:

Open Pension Funds, efficiency evaluation by a DEA method, Malmquist indexes

Reference index:

Dorota Miszczyńska, Marek Miszczyński, (2007), Application of DEA method to the evaluation of the efficiency of Polish open pension funds in the years 2004-2006, Multiple Criteria Decision Making (2), pp. 101-116

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Scopus citations in 1 paper(s):
  1. Draženovic, B. O., Hodžic, S., & Maradin, D. (2019). The efficiency of mandatory pension funds: Case of croatia. South East European Journal of Economics and Business, 14(2), 82-94. doi:10.2478/jeb-2019-0015