Slack free MEA and RDM with comprehensive efficiency measures
This paper extends two directional distance function models, the Multi-directional Efficiency Analysis (MEA) Model and the Range Directional Model (RDM), in order to account for any type of technical inefficiency, i.e. both directional and non-directional inefficiencies. We first focus on the variable returns to scale (VRS) case, because both VRS-MEA and RDM are translation invariant models, which mean that both models are able to deal with negative data. Our main result is the definition of a new comprehensive efficiency measure which is units invariant and translation invariant and covers both models. Secondly, we introduce the RDM model under constant returns to scale (CRS) together with a new comprehensive efficiency measure.
Year of publication: |
2010
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---|---|
Authors: | Asmild, Mette ; Pastor, Jesús T. |
Published in: |
Omega. - Elsevier, ISSN 0305-0483. - Vol. 38.2010, 6, p. 475-483
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Publisher: |
Elsevier |
Keywords: | Efficiency analysis Slack free models Comprehensive efficiency measures DEA Directional distance functions MEA RDM |
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