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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...
Persistent link: https://www.econbiz.de/10011264322
The constant returns to scale assumption maintained by neoclassical theorists for justifying the black-box structure of production technology in long run does not necessarily allow one to infer that there are no scale benefits available in its sub-technologies. Most of real-life production...
Persistent link: https://www.econbiz.de/10010871278
Sustainable product design has been considered as one of the most important practices for achieving sustainability. To improve the environmental performances of a product through product design, however, a firm often needs to deal with some difficult technical trade-offs between traditional and...
Persistent link: https://www.econbiz.de/10011052466
We propose a way of using DEA cross-efficiency evaluation in portfolio selection. While cross efficiency is an approach developed for peer evaluation, we improve its use in portfolio selection. In addition to (average) cross-efficiency scores, we suggest to examine the variations of...
Persistent link: https://www.econbiz.de/10011052467
Conventional data envelopment analysis (DEA) methods assume that input and output variables are continuous. However, in many real managerial cases, some inputs and/or outputs can only take integer values. Simply rounding the performance targets to the nearest integers can lead to misleading...
Persistent link: https://www.econbiz.de/10010574216
In many managerial applications, situations frequently occur when a fixed cost is used in constructing the common platform of an organization, and needs to be shared by all related entities, or decision making units (DMUs). It is of vital importance to allocate such a cost across DMUs where...
Persistent link: https://www.econbiz.de/10010744223
The slacks-based measure (SBM) of super-efficiency in data envelopment analysis (DEA) developed by Tone [Tone, K., 2002. A slacks-based measure of super-efficiency in data envelopment analysis. European Journal of Operational Research 143, 32-41] is a non-radial super-efficiency model compared...
Persistent link: https://www.econbiz.de/10008551265
Data envelopment analysis (DEA) is a method for measuring the efficiency of peer decision making units (DMUs). Recently DEA has been extended to examine the efficiency of two-stage processes, where all the outputs from the first stage are intermediate measures that make up the inputs to the...
Persistent link: https://www.econbiz.de/10008483270
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