This study researches the viability of Greek firms in the food and beverages industry during the hard years of the financial crisis and how this affected their efficiency as well as relative ranking in the sector using mathematical modelling and dataenvelopment analysis. Precise economic data for the major sector stakeholders were retrieved and analyzed to provide the efficient frontier for benchmarking the sector and how the efficiency distribution changes during the years using the Malmquist productivity index. The major findings resulting from data analysis is the importance given by large firms to progress in production technology as a competitive advantage in comparison to smaller firms who used their flexibility to adapt to the bad economic environment by increasing their technical efficiency instead. There is room for improvement in the sector and innovation can play a significant role. The insights provided by data envelopment analysis of firm published data justify its importance and promising future as a method for strategic decision making.
This study researches the viability of Greek firms in the food and beverages industry during the hard years of the financial crisis and how this affected their efficiency as well as relative ranking in the sector using mathematical modelling and dataenvelopment analysis. Precise economic data for the major sector stakeholders were retrieved and analyzed to provide the efficient frontier for benchmarking the sector and how the efficiency distribution changes during the years using the Malmquist productivity index. The major findings resulting from data analysis is the importance given by large firms to progress in production technology as a competitive advantage in comparison to smaller firms who used their flexibility to adapt to the bad economic environment by increasing their technical efficiency instead. There is room for improvement in the sector and innovation can play a significant role. The insights provided by data envelopment analysis of firm published data justify its importance and promising future as a method for strategic decision making.
Benchmarking the food and beverage industry: An empirical approach based on Data Envelopment Analysis Description: 116476_PAGLAMIDIS_KONSTANTINOS.pdf (pdf)
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Benchmarking the food and beverage industry: An empirical approach based on Data Envelopment Analysis - Identifier: 148769
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