Assessing the Efficiency of Academic Departments: An Application of Data Envelopment Analysis and Tobit Analysis - Acta Universitatis Sapientiae

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Volume 12, 2024
Assessing the Efficiency of Academic Departments: An Application of Data Envelopment Analysis and Tobit Analysis
Rekha HANDA, Mandeep KAUR

Acta Univ. Sapientiae, Economics and Business, 12 (2024) 264–282

DOI: 10.47745/auseb-2024-0012

Abstract. The systematic assessment of academic institutions is necessary in order to assure the achievement of their set objectives by proper utilization of the limited resources. Thus, the current paper focused on examining the efficiency of academic departments. The study has been conducted for a period of ten years. Efficiency scores of the departments have been examined through the application of CCR (Charnes, Cooper, and Rhodes) and BCC (Bankar, Charnes, and Cooper) model of data envelopment analysis.In addition to efficiency evaluation, the factors affecting efficiency have also been analysed by applying Tobit regression analysis, which helps in improving the effectiveness of departments by focusing on significant variables impacting the efficiency. It provides a guide for policy and managerial decision making.

Keywords: efficiency, academic departments, data envelopment analysis, Tobit

JEL Classification: C67, C80

 

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