Measuring inventory turnover efficiency using stochastic frontier analysis: building materials and hardware retail chains in Norway

نویسندگان

چکیده

Operational efficiency in the retail business is vital order to be profitable a competitive environment. This paper investigates how environmental factors, firm size and time trends are linked inventory performance. We use location data, demographic data 16 years of financial accounting from small medium-sized home improvement retailers explain performance at chain regional level. Traditionally regression model could used assess impact explanatory variables on choose stochastic frontier since turnover productivity. Furthermore, we allow control for key figures such as gross margin, capital intensity sales growth. find that varies depending local market conditions store location. Moreover, increased tends increase efficiency, while trend by affiliation. provides new insights into literature operations- management, suggests managers should consider including factors part their analysis when using an benchmark.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Measuring efficiency of governmental hospitals in Palestine using stochastic frontier analysis

BACKGROUND The Palestinian government has been under increasing pressure to improve provision of health services while seeking to effectively employ its scare resources. Governmental hospitals remain the leading costly units as they consume about 60 % of governmental health budget. A clearer understanding of the technical efficiency of hospitals is crucial to shape future health policy reforms....

متن کامل

An Econometric Analysis of Inventory Turnover Performance in Retail Services

Inventory turnover varies widely across retailers and over time. This variation undermines the usefulness of inventory turnover in performance analysis, benchmarking and working capital management. We develop an empirical model using financial data for 311 public-listed retail firms for the years 1987-2000 to investigate the correlation of inventory turnover with gross margin, capital intensity...

متن کامل

Measuring Technical Efficiency in the Stochastic Varying Coefficient Frontier Model

Due to the assumption that the best practice methods refer to each input separately instead of the whole set of inputs used by a firm, the benchmark technology as defined in the stochastic varying coefficient frontier model may be infeasible and theoretically improper whenever the maximum response coefficients are not coming from the same production unit. To overcome this problem we suggest an ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Journal of Systems Science: Operations & Logistics

سال: 2021

ISSN: ['2330-2682', '2330-2674']

DOI: https://doi.org/10.1080/23302674.2021.1964635