The Application of Mathematical Programming Techniques to

Loading...


Browse

Resources

My Tools



Search: keywords, title, authors, DOI Search Sign in: My Account Institution Advanced



Australian Journal of Management Home

Browse

Submit Paper

About

Subscribe

The Application of Mathematical Programming Techniques to Financial Statement Analysis: Australian Gold Production and Exploration

Vol 23, Issue 1, 1998

1.483

Andrew C. Worthington Impact Factor First Published June 1, 1998 more » Research Article Download PDF

Table of Contents

Article information

Abstract A sample of thirty listed Australian gold producers is used to compare the financial perfor Mance measures provided by accountingbased financial ratios, and production perfor Mance as measured by efficiency indices. The results indicate that simple ratios are unlikely to provide efficiency rankings similar to those obtained from multipleinput, multipleoutput methodologies. However, whilst the two methods can disagree substantially on the relative perfor Mance of individual decisionmaking units, when used jointly the results can offer valuable insights into the concept of firm perfor Mance.

Keywords Article Metrics

DATA ENVELOPMENT ANALYSIS, FINANCIAL RATIOS, TECHNICAL EFFICIENCY , SCALE EFFICIENCY

Related Articles

Abriksten, R. & Forsund, F. 1990, A productivity study of the Norwegian building industry, Journal of Productivity Analysis, vol. 2, pp 53–66 Google Scholar, Crossref Cite

Ali, A I & Seiford, L M. 1993, ‘The mathematical programming approach to efficiency analysis’, in The Measurement of Productive Efficiency, eds H O Fried, C.A.K Lovell & S S Schmidt, Oxford University Press, New York Google Scholar

Permissions

Athanassopoulos A.D. & Ballantine, J A 1995, Ratio and frontier analysis for assessing corporate perfor Mance Evidence from the grocery industry in the UK, Journal of the Operational Research Society, vol. 46, 427–40 Google Scholar, Crossref

Share

Australian Stock Exchange, 1995a, Stock Exchange Financial and Profitability StudyVolume I, Gold, ASX, Sydney Google Scholar

Download PDF

Australian Stock Exchange, 1995b, Gold Producers Handbook, ASX, Sydney Google Scholar Banker, R.D, Charnes, A. & Cooper, W.W 1984, Some models for estimating technical and scale inefficiencies in data envelopment analysis, Management Science, vol. 30, 1,078–1,092 Google Scholar, Crossref Banker, R D & Johnston, H H 1993, ‘Evaluating the impacts of operating strategies on efficiency in the US airline industry’, in Data Envelopment Analysis Theory, Methodology and Applications, eds A Charnes, W W Cooper, A Y Lewin & L M Seiford, Kluwer, Boston (Mass). Google Scholar Charnes, A, Cooper, W W, Lewin, A Y & Seiford, L M (eds) 1993, Data Envelopment Analysis Theory, Methodology and Applications, Kluwer, Boston Google Scholar

SAGE Recommends

Charnes, A., Cooper, W W & Rhodes, E 1978, Measuring the efficiency of decision making units, European Journal of Operational Research, vol. 2, 429–44 Google Scholar, Crossref Farrell, M J 1957, ‘The measurement of productive efficiency’, Journal of the Royal Statistical Society Series A (General), vol 120, 253–89 Google Scholar, Crossref Forsund, F 1993, A comparison of parametric and nonparametric efficiency measures The case of Norwegian ferries, Journal of Productivity Analysis, vol. 3, 25–45 Google Scholar, Crossref Schefczyk, M 1993, Industrial benchmarking A case study of perfor Mance analysis techniques, International Journal of Production Economics, vol. 32, 1–11 Google Scholar, Crossref Seiford, L M & Thrall, R M. 1990, Recent developments in DEA The mathematical approach to frontier analysis, Journal of Econometrics, vol. 46, 7–38 Google Scholar, Crossref Sickles, R C & Streitwieser, M.L. 1992, Technical inefficiency and productive decline in the US interstate natural gas pipeline industry under the Natural Gas Policy Act, The Journal of Productivity Analysis, vol. 3, 119–33 Google Scholar, Crossref Smith, P 1990, Data envelopment analysis applied to financial statements, Omega, International Journal of Management Science, vol. 18, 131–38 Google Scholar, Crossref Thanassoulis, E, Boussofiane, A. & Dyson, R G 1996, A comparison of data envelopment analysis and ratio analysis as tools for perfor Mance assessment, Omega, International Journal of Management Science, vol. 24, 229–44 Google Scholar, Crossref Thompson, R G, Dharmapala, P.S., Rothenberg, L J & Thrall, R M 1994, DEA ARs and CRs applied to worldwide major oil companies, Journal of Productivity Analysis, vol. 5, 181–203 Google Scholar, Crossref Thompson, R G, Dharmapala, P S, Rothenberg, L J & Thrall, R M 1996, DEA/AR efficiency and profitability of 14 major oil companies in US exploration and production, Computers and Operations Research, vol. 23, 357–73 Google Scholar, Crossref Thore, S., Kozmetsky, G & Phillips, F 1994, DEA of financial statements data The US computer industry, The Journal of Productivity Analysis, vol. 5, 229–48 Google Scholar, Crossref

SAGE Video Streaming video collections

SAGE Knowledge The ultimate social sciences library

SAGE Research Methods The ultimate methods library

SAGE Stats Data on Demand

CQ Library American political resources









SAGE Journals

Browse

Resources

Opportunities

Australian Journal of Management

About

Health Sciences

Authors

Advertising

Privacy Policy

Life Sciences

Editors

Reprints

ISSN: 0312-8962

Terms of Use

Materials Science & Engineering

Reviewers

Content Sponsorships

Online ISSN: 1327-2020

Contact Us

Social Sciences & Humanities

Librarians

Permissions

Help

Journals A-Z

Researchers Societies

Copyright © 2017 by The University of New South Wales

Loading [Contrib]/a11y/accessibility-menu.js

Loading...

The Application of Mathematical Programming Techniques to

Browse Resources My Tools Search: keywords, title, authors, DOI Search Sign in: My Account Institution Advanced Australian Journal of Man...

162KB Sizes 2 Downloads 25 Views

Recommend Documents

No documents