In this paper we show that given a utility threshold Luenberger’s benefit function correctly represents individual preferences as long as specific reference commodity bundles are considered. We further show a condition which is sufficient for reaching Pareto optimality that generalizes...

Environmental assessment and pollution protection are important concerns in modern business and policy. Consumers are interested in corporate efforts on not only their products but also environmental protections and pollution preventions. To attain a high level of sustainability (i.e., economic...

Because of data envelopment analysis (DEA) flexibility in the choice of weights, assessment of decision-making units (DMUs) often involves weighting only a few inputs and outputs and ignoring the remaining variables by assigning them a zero weight. Widespread literature indicates the need to...

This paper develops a general theoretical model for the measurement of strategic performance. The concepts are universal and, by applying the methodology through specific quantitative analytic methods, measurable for all forms of strategic activity. The model distinguishes three aspects of...

This paper covers some of the past accomplishments of DEA and its future prospects. It starts with the engineering-science definitions of efficiency and uses the duality theory of linear programming to show how, in DEA, they can be related to the Pareto-Koopmens definitions used in welfare...

This paper applies specific quantitative methods to demonstrate a general theoretical model for measuring strategic performance. The theoretical concepts are universal and measurable for all types of strategic activity by applying the methodology through alternative quantitative analytical...

This article presents a conceptual framework for operationalizing strategic enterprise risk management (ERM) in a general firm. We employ a risk-constrained optimization approach to study the capital allocation decisions under ERM. Given the decision maker's risk appetite, the problem of...

This study proposes a new use of data envelopment analysis (DEA) for assessing economic success and environmental protection, so measuring the level of sustainability. The new approach is referred to as 'DEA environmental assessment,' and it can measure the performance of various entities that...

This study discusses a DEA approach for environmental assessment. The proposed approach examines a level of simultaneous achievement on economic prosperity and environmental protection, so measuring the level of 'sustainability.' DEA, standing for Data Envelopment Analysis, has been widely...

This research investigates efficiency differences between two important financial approaches that credit card companies use to attract customers. Since the cash-back offer has been already investigated by previous studies, this study focuses upon the balance transfer offer and then compares them...