Data envelopment analysis (DEA) is a non-parametric approach for measuring the relative efficiencies of peer decision making units (DMUs). In recent years, it has been widely used to evaluate two-stage systems under different organization mechanisms. This study modifies the conventional...

Social responsibility investment (SRI) has attracted worldwide attention for its potential in promoting investment sustainability and stability. We developed a three-step framework by incorporating environmental, social, and governance (ESG) performance into portfolio optimization. In comparison...

Adopting a profit-based approach to the estimation of the technical efficiency of South Korean banks, we systematically analyse, within a non-parametric DEA analysis, how the choice of risk management control variable impacts upon such estimates. Using the model of Liu et al. (2010), we examine...

This paper analyses the efficiency of English and Welsh Young Offender Institutions (YOIs) during the period 2007-08 to 2010-11 accounting for the fact that prisons can both promote good behaviour but also generate undesirable outcomes. With these problems in mind, a new non-parametric program...

Recent studies on decision analytics frequently refer to the topic of behavioral decision making (BDM), which focuses on behavioral components of decision analytics. This paper provides a critical review of literature for re-examining the relations between BDM and classical decision theories in...

This study considers spatial and nonlinear perspectives to examine the heterogeneous role of green technology innovation in the economic development and air quality of Chinese cities. We find that green inventive technology innovation benefits economic development and air quality improvement,...

In most applications of DEA with internal structures in the literature, the models are designed to evaluate the performance of homogeneous Decision Making Units (DMUs). In many instances, however, DMUs operating in a similar technological environment may have different internal structures. In...

The existing literature on investment and reinsurance is limited to the study of continuous-time problems, while discrete-time problems are always ignored by researchers. In this study, we first discuss a multi-period investment and reinsurance optimization problem under the classical...