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It is well known that super-efficiency data envelopment analysis (DEA) approach can be infeasible under the condition of variable returns to scale (VRS). By extending of the work of Chen (2005), the current study develops a two-stage process for calculating super-efficiency scores regardless...
Persistent link: https://www.econbiz.de/10008865155
Lee et al. (2011) and Chen and Liang (2011) develop a data envelopment analysis (DEA) model to address the infeasibility issue in super-efficiency models. In this paper, we point out that their model is feasible when input data are positive but can be infeasible when some of input is zero. Their...
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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