Relative Efficiency Analysis for the Measurement of Cost Performance: Data Envelopment Analysis Implementation in BIST Cement Sector

In this study, it has been aimed to measure the cost management performance of BIST cement sector firms with the approach that the cost data of these firms considered as an input factor and the profit data of these firms considered as an output factor. For this purpose, the firms included in the analysis scope were analyzed by data envelopment analysis method for each year of 2010 – 2014 observation range. According to the obtained results, in terms of cost management performance, it was determined that one firm is relative full efficiency for all periods; additionally, four firms are relative full efficiency for the last period.