2016-17 IP OP OP/IP

Input( Fixed capital+ output(crude

Company No of employees VA/CE
Working capital) steel production)

Jsw Steel 58,529 11848 15.8 0.00026995165

Tata steel 39421 34989 11.689 0.00029651708
JSHL 3310 2331 2.23 0.00067371601
Sail 61250 36059 14.495 0.00023665306

2015-16 IP OP OP/IP

Input( Fixed capital+ output(crude

Company Working capital) No of emplyee steel production) VA/CE

Jsw Steel 56978 11178 12.560 0.00022043596

Tata steel 44513 35,439 9.960 0.00022375486
JSHL 1824 2324 2.165 0.00118695175
Sail 62623 35052 10.700 0.00017086374

2014-15 IP OP OP/IP

Input( Fixed capital+ output(crude

Company Working capital) No of emplyee steel production) VA/CE

Jsw Steel 60664 12271 11.250 0.00026045101

Tata steel 33073 36,957 9.330 0.00028210323
JSHL 603 2311 1.956 0.00324378109
Sail 67353 3988 10.620 0.00015767672
OP/IP Relative Efficiency Slack Target Op

VA/EMP RE CE RE Emp CE EMP VA

0.00133355841 0.40069056258 1 59.93% 0.00% 39.431924471

0.00033407642 0.44012177161 0.25051502986 55.99% 74.95% 26.558558912
0.00095667096 1 0.71738211991 0.00% 28.26% 2.23
0.00040198009 0.35126530612 0.30143418259 64.87% 69.86% 41.26510574

OP/IP Relative Efficiency Slack Target Op

VA/EMP RE CE RE Emp CE EMP VA

0.00112363571 0.18571602167 1 81.43% 0.00% 67.630137061

0.0002810463 0.18851217609 0.25012226086 81.15% 74.99% 52.834783443
0.00093158348 1 0.82907962606 0.00% 17.09% 2.165
0.00030526076 0.14395171457 0.27167235067 85.60% 72.83% 74.330479715

OP/IP Relative Efficiency Slack Target Op

VA/EMP RE CE RE Emp CE EMP VA

0.00128758862 0.08029241223 1 91.97% 0.00% 196.78073632

0.00025245556 0.08696740562 0.19606848945 91.30% 80.39% 107.28157214
0.00084638685 1 0.65734259376 0.00% 34.27% 1.956
0.00266298897 0.04860892693 2.06819858309 95.14% -106.82% 218.47838806
3310 2331 2.23
1824 2324 2.165
603 2311 1.956
Improvem
ent
Target-
Actual
JSW ### ###

23.632 2016-17 58,529 11848 15.8 ### ###

14.870 2015-16 56978 11178 12.56 6,311.02 3,001.24
0.000 2014-15 60664 12271 3.1 ### ###
26.770

Tata steel
Improvem
ent
Target-
Actual 2016-17 39421 34989 11.689 ### ###

55.070 2015-16 44513 35,439 9.96 ### ###

42.875 2014-15 33073 36,957 9.33 5,115.43 3,291.82
0.000 ### ###
63.630

Improvem
ent
Target-
Actual 2016-17 61250 36059 14.495 ### ### ###

2015-16 62623 35052 10.7 ### ### ###

2014-15 67353 3988 10.6 ### 5,778.20 5,175.27
### ###

JShl
2016-17 3310 2331
2015-16 1824 2324
2014-15 603 2311
 ### 39421.02
3,310 0.330978
### 61250.73
0 0
0 0

0 0

### 56978.85

### 44513.49
1,824 0.182361
### 62612.99
0 0
0 0

0 0

### 60664.3

### 33073.26
603 0.060293
### 67352.94
 Cobb Douglas Production function
JSW steel
YEAR Capital ( Fixed + Working) cr. Rs employees
2016-17 58,529 11848
2015-16 56978 11178
2014-15 60664 12271

Tata Steel
YEAR Capital ( Fixed + Working) cr. Rs No. of employees
2016-17 39421 34989
2015-16 44513 35,439
2014-15 33073 36,957

jshl
YEAR Capital ( Fixed + Working) cr. Rs No. of employees
2016-17 3310 2331
2015-16 1824 2324
2014-15 603 2311

Sail
YEAR Capital ( Fixed + Working) cr. Rs No. of employees
2016-17 61250 36059
2015-16 62623 35052
2014-15 67353 3988
 b(L)c
Q = A(K) ln(Q) = ln(A) + b(ln(k)) + c(ln(L))

Steel produced (million tonnes) LN(K) LN(L) LN(Q)

15.8 10.977277637 9.3799143559 2.76000994
12.56 10.950420507 9.3217028398 2.530517161
3.1 11.01310572 9.414994034 1.1314021115

Steel produced (million tonnes) LN(K) LN(L) LN(Q)

11.689 10.582053948 10.462789005 2.4586482286
9.96 10.70353656 10.475568188 2.2985770716
9.33 10.406472519 10.517510354 2.2332350149

Steel produced (million tonnes) LN(K) LN(L) LN(Q)

2.23 8.1047034684 7.754052639 0.8020015855
2.165 7.5087871706 7.751045118 0.7724203615
1.956 6.4019171967 7.7454356103 0.6709015716

Steel produced (million tonnes) LN(K) LN(L) LN(Q)

14.495 11.022719128 10.492911765 2.6738037624
10.7 11.044887902 10.464587952 2.3702437415
10.6 11.117702724 8.2910451311 2.3608540011
A 35439
B -89.94943
C 45.44249

A 58529
B -0.661163
C -6.240728

A 1
B -10.05488
C 2002.131

A 14.495
B 10.7
C 10.6
SUMMARY OUTPUT

Regression Statistics X Varia

Multiple R 1 2.5
R Square 1 2.4
Adjusted R 65535 2.3

Y
Standard E 0 2.2
Observatio 3 2.1
10.3 10.4
ANOVA
df SS MS F Significance F
Regression 2 0.026901 0.013451 #NUM! #NUM!
Residual 0 0 65535
Total 2 0.026901

Coefficients
Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%Upper 95.0%
Intercept 74.75053 0 65535 #NUM! 74.75053 74.7505308 74.7505308 74.75053
X Variable -0.661163 0 65535 #NUM! -0.661163 -0.6611625 -0.6611625 -0.661163
X Variable -6.240728 0 65535 #NUM! -6.240728 -6.2407285 -6.2407285 -6.240728

RESIDUAL OUTPUT A 2.909E+32

B -0.6611625
ObservationPredicted Y Residuals C -6.2407285
1 2.458648 1.332E-14
2 2.298577 -4.88E-15
3 2.233235 5.773E-15
 X Variable 1 Line Fit Plot
2.5
2.4 X Variable 2 Line Fit Plot
2.3 2.5 Y
2.4 Predicted Y
Y

2.2 2.3
2.1 2.2 Y
Predicted Y
Y

10.3 2.1
10.4 10.5 10.6 10.7 10.8
6 7 8 9 5 1 2 3
.4 0.41 0.4 10. 0.5 0.5 0.5
.4 X Variable
10 10 1 1 1 1 1
X Variable 2
SUMMARY OUTPUT

Regression Statistics X Variab

Multiple R 1 0.85
R Square 1 0.8
Adjusted R 65535 0.75
0.7

Y
Standard E 0
0.65
Observatio 3 0.6
6.2 6.4 6.6 6.8
ANOVA X
df SS MS F Significance F
Regression 2 0.009456 0.004728 #NUM! #NUM!
Residual 0 0 65535
Total 2 0.009456

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept -15442.33 0 65535 #NUM! -15442.33 -15442.33 -15442.33 -15442.33
X Variable -10.05488 0 65535 #NUM! -10.05488 -10.05488 -10.05488 -10.05488
X Variable 2002.131 0 65535 #NUM! 2002.131 2002.131 2002.131 2002.131

RESIDUAL OUTPUT

ObservationPredicted Y Residuals
1 0.802002 -6.53E-13 A 0
2 0.77242 -1.72E-12 B -10.05488
3 0.670902 -2.48E-12 C 2002.131
 X Variable 1 Line Fit Plot
0.85
0.8 X Variable 2 Line Fit Plot
0.75 Y
0.85
0.7 Predicted Y
Y

0.8
0.65
0.75 Y
0.6
0.7 Predicted Y
Y

6.2 6.4 6.6 6.8 7 7.2 7.4 7.6 7.8 8 8.2

0.65
0.6 X Variable 1
7.744 7.746 7.748 7.75 7.752 7.754 7.756
X Variable 2
SUMMARY OUTPUT

Regression Statistics X Var

Multiple R 1 3
R Square 1 2
Adjusted R 65535 1

Y
Standard E 0 0
Observatio 3 4 5
.9 0.9 0.9
10 1 1
ANOVA
df SS MS F Significance F
Regression 2 1.554184 0.777092 #NUM! #NUM!
Residual 0 0 65535
Total 2 1.554184

Coefficients
Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept 563.9132 0 65535 #NUM! 563.91323287 563.9132 563.9132 563.9132
X Variable -89.94943 0 65535 #NUM! -89.94943382 -89.94943 -89.94943 -89.94943
X Variable 45.44249 0 65535 #NUM! 45.442492252 45.44249 45.44249 45.44249

A 8.02427E+244
RESIDUAL OUTPUT B -89.94943382
C 45.442492252
ObservationPredicted Y Residuals
1 2.76001 -1.37E-13
2 2.530517 -1.7E-13
3 1.131402 -1.97E-13
 X Variable 1 Line Fit Plot
3
2 X Variable 2 Line Fit Plot
1 3 Y
Predicted Y
Y

0
2
4 5 6 7 8 9 11 1 2 Y
0 .9 0.9 0.9 0.9 0.9 0.9 .0 1.0
1 1 11 1 1 1 11 1 Predicted Y
Y

0 X Variable 1
9.3 9.32 9.34 9.36 9.38 9.4 9.42 9.44
X Variable 2
SUMMARY OUTPUT

Regression Statistics X Var

Multiple R 1
2.6
R Square 1
Adjusted R 65535 2.4

Y
Standard E 0 2.2
Observatio 3 11 2
.0
11 11
ANOVA
df SS MS F Significance F
Regression 2 0.063391 0.031696 #NUM! #NUM!
Residual 0 0 65535
Total 2 0.063391

Coefficients
Standard Error t Stat
Intercept 165.2763 0 65535
X Variable -14.29967 0 65535
X Variable -0.474726 0 65535
P-value Lower 95%Upper 95%Lower 95.0%Upper 95.0%
#NUM! 165.2763 165.2763 165.2763 165.2763
#NUM! -14.29967 -14.29967 -14.29967 -14.29967
#NUM! -0.474726 -0.474726 -0.474726 -0.474726

A 6.005876E+71
RESIDUAL OUTPUT B 6.162167E-07
C 0.6220552768
ObservationPredicted Y Residuals
1 2.673804 1.243E-14
2 2.370244 1.11E-14
3 2.360854 2E-14
 X Variable 1 Line Fit Plot
2.6
X Variable 2 Line Fit Plot
2.4 Y
2.7
Predicted Y
Y

2.2 2.6
11 .02 2.5.04 .06 .08 1.1 .12 .14 Y
11 2.411 11 11 1 11 11 Predicted Y
Y

2.3
2.2 X Variable 1
8 8.5 9 9.5 10 10.5 11
X Variable 2
Company Slack-2017 Slack-2016 Slack-2015
CE EMP CE EMP CE EMP
Jsw Steel 78.06% 23.66% 94.93% 67.10% 97.36% 49.95%

Tata steel 62.86% 70.53% 95.31% 92.50% 95.04% 82.99%

JSHL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 120.00%

Sail 105.70% 106.82% 106.17% 114.05% 98.92% 30.32%
100.00%

80.00%
78.06%

60.00% 62.86%

40.00%

20.00%

0
0.00%
CE
Slack-2
120.00%
Jsw Steel Tata steel JSHL Sail

100.00% 105.70% 106.17%

97.36%95.04% 98.92%
94.93%95.31%
80.00%
78.06%

60.00% 62.86%

40.00%

20.00%

0.00% 0.00% 0.00%

0.00%
CE CE CE
Slack-2017 Slack-2016 Slack-2015
Ineffic
ient

Required removal of inefficient

Jsw Steel Tata steel JSHL Sail

120.00%
114.05%
100.00% 106.82%

92.50%
80.00% 82.99%

70.53%
67.10%
60.00%

49.95%
40.00%

30.32%
20.00% 23.66%

0.00% 0.00% 0.00%

0.00%
EMP EMP EMP
 82.99%

49.95%

30.32%

0.00%
EMP