2021/2022
KAN-CMECV2001U Benchmarking
| English Title |
| Benchmarking |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Elective |
| Level |
Full Degree Master |
| Duration |
One Quarter |
| Start time of the course |
Fourth Quarter |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Max. participants |
80 |
| Study board |
Study Board for HA/cand.merc. i erhvervsøkonomi og matematik,
MSc
|
| Course
coordinator |
- Mette Asmild - Department of Finance (FI)
|
| Main academic
disciplines |
- Mathematics
- Statistics and quantitative methods
- Economics
|
| Teaching
methods |
|
|
|
Last updated on
15-12-2021
|
| Learning objectives |
Through this course the students should be able
to:
- Explain the differences between different DEA model
specifications and justify the choices of specific models for a
given problem context.
- Calculate efficiency scores and identify the corresponding
benchmarks, peers & weights in simple examples.
- Interpret the results from large empirical studies and discuss
their implications for management.
- Explain the differences between the envelopment and multiplier
formulations of the DEA models and their respective uses.
- Argue for the relevance of different model extensions for
specific scenarios, including but not limited to the use of weight
restrictions and different projections onto the efficiency
frontier.
|
| Course prerequisites |
| Quantitative skills & interests, knowledge of
linear programming (and basic understanding of LP
duality) |
| Examination |
|
Benchmarking:
|
| Exam
ECTS |
7,5 |
| Examination form |
Oral exam based on written product
In order to participate in the oral exam, the written product
must be handed in before the oral exam; by the set deadline. The
grade is based on an overall assessment of the written product and
the individual oral performance, see also the rules about
examination forms in the programme regulations. |
| Individual or group exam |
Individual oral exam based on written group
product |
| Number of people in the group |
2-3 |
| Size of written product |
Max. 10 pages |
| Assignment type |
Essay |
| Duration |
Written product to be submitted on specified date and
time.
20 min. per student, including examiners' discussion of grade,
and informing plus explaining the grade |
| Grading scale |
7-point grading scale |
| Examiner(s) |
Internal examiner and second internal
examiner |
| Exam period |
Summer |
| Make-up exam/re-exam |
Same examination form as the ordinary
exam
|
|
| Course content, structure and pedagogical
approach |
|
Being able to quantify the efficiency of resource
utilisation is important, both in the private sector due to the
intensity of competition and in the public sector, where
budget cuts and demands for efficiency are common.
This course covers specific benchmarking methods that are very
useful in practice for assessing the performance of different
organisational units, particularly the socalled Data Envelopment
Analysis (DEA) approach. As well as providing measures for the
extent of efficiency, DEA also identifies role model units
which less efficient units can emulate and performance targets at
which inefficient units might aim. Benchmarking analysis
through the use of DEA thus supports the identification and
adoption of operating practices conducive to the efficient
utilisation of resources.
Besides covering both theoretical and practical aspects of the use
of DEA, the course also looks at some real life
applications, amongst which are studies within the
financial services industries undertaken by the lecturer on
the course.
The course will involve combinations of lectures, small examples
and exercises done in class and potentially some more
realistic problems for students to practice on at
home.
|
| Description of the teaching methods |
| Combination of lectures and exercises |
| Feedback during the teaching period |
Oral feedback after examination.
Discussions in class.
Collective oral feedback during lectures based on student answers
in live quizzes (polling)
Help with and discussions of projects along the way (e.g. feedback
on proposed models).
|
| Student workload |
| Attending lectures |
32 hours |
| Exam, including preparation |
55 hours |
| Preparation for lectures |
120 hours |
|
| Expected literature |
|
Thanassoulis: Introduction to the Theory and Application of Data
Envelopment Analysis: A foundation text with integrated software.
Forlag: Springer-Verlag New York Inc.
Bogetoft and Otto: Benchmarking with DEA, SFA and R. Forlag:
Springer-Verlag New York Inc.
|
Last updated on
15-12-2021
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