Measurement of technical efficiency

Narayanakumar, R (2023) Measurement of technical efficiency. In: Training Manual on Advanced Analytical Tools for Social Science Research Vol.1. CMFRI Training Manual Series No. 29/2023 . ICAR- Central Marine Fisheries Research Institute, Kochi, pp. 47-53.

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Abstract

Technical efficiency is a component of economic efficiency. In any field or enterprise be it agriculture, horticulture etc, technical efficiency is an important indicator of development. Economic efficiency normally comprises technical and economic efficiency. The technical efficiency is of two types namely (a) A farmer producing higher output with the existing level of inputs use and (b) Produce the existing output level with lower input. The measurement of technical efficiency helps to distinguish the best performing farm/enterprise among the population. Allocative efficiency refers to the proper choice of input combinations (Palanisami et al., 2002). Profit maximization is the ultimate objective of allocative efficiency

Item Type:	Book Section
Uncontrolled Keywords:	Technical efficiency
Subjects:	Socio Economics and Extension Socio Economics and Extension > Fisheries Economics
Divisions:	CMFRI-Kochi > Marine Capture > Fishery Resources Assessment, Economics and Extension Division Subject Area > CMFRI > CMFRI-Kochi > Marine Capture > Fishery Resources Assessment, Economics and Extension Division CMFRI-Kochi > Marine Capture > Fishery Resources Assessment, Economics and Extension Division Subject Area > CMFRI-Kochi > Marine Capture > Fishery Resources Assessment, Economics and Extension Division
Depositing User:	Arun Surendran
Date Deposited:	04 Jul 2023 04:01
Last Modified:	04 Jul 2023 04:01
URI:	http://eprints.cmfri.org.in/id/eprint/17204

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