This paper presents an improved efficiency measurement tool by modifying the existing data envelopment analysis methodology to permit the incorporation of expert knowledge. A previous paper examined the inclusion of such knowledge within the additive model. This information appeared in the form...

IMF policies have been widely criticized in the aftermath of the Asian crisis. Key critics questioned the appropriateness and the sequencing of financial liberalization programs which, along with insufficient monitoring and inadequate prudential regulations, left the financial sectors of the...

Data Envelopment Analysis (DEA) is a methodology for evaluating the relative efficiencies of a set of decision-making units (DMUs). The original model is based on the assumption that in a multiple input, multiple output setting, all inputs impact all outputs. In many situations, however, this...