Showing 1 - 10 of 19
In this paper we tackle the problem of outlier detection in data envelopment analysis (DEA). We propose a procedure where we merge the super-efficiency DEA and the forward search. Since DEA provides efficiency scores which are not parameters to fit the model to the data, we introduce a distance,...
Persistent link: https://www.econbiz.de/10010577569
In this paper we consider the consistent partition problem in reverse convex and convex mixed-integer programming. In particular we will show that for the considered classes of convex functions, both integer and relaxed systems can be partitioned into two disjoint subsystems, each of which is...
Persistent link: https://www.econbiz.de/10011052791
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
The slacks-based measure (SBM) can incorporate input and output slacks that would otherwise be neglected in the classical DEA model. In parallel, the super-efficiency model for SBM (S-SBM) has been developed for the purpose of ranking SBM efficient decision-making units (DMUs). When implementing...
Persistent link: https://www.econbiz.de/10010608515
The shortage of medical resources (mainly beds) is a critical and increasingly prevalent problem affecting hospitals. Of the factors that contribute to these shortages, the ambiguity and insufficiency of the criteria used to identify whether an inpatient should be discharged are among the most...
Persistent link: https://www.econbiz.de/10011097749
This paper discusses a new meta-DEA approach to solve the problem of choosing direction vectors when estimating the directional distance function. The proposed model emphasizes finding the “direction” for productivity improvement rather than estimating the “score” of efficiency; focusing...
Persistent link: https://www.econbiz.de/10011097815
This paper extends the works by Olesen and Petersen (2003), Russell and Schworm (2006) and Cooper et al. (2007) about describing the efficient frontier of a production possibility set by the intersection of a finite number of closed halfspaces, in several ways. First, we decompose the efficient...
Persistent link: https://www.econbiz.de/10010871164
In DEA, there are two frameworks for efficiency assessment and targeting: the greatest and the least distance framework. The greatest distance framework provides us with the efficient targets that are determined by the farthest projections to the assessed decision making unit via maximization of...
Persistent link: https://www.econbiz.de/10010871176
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
Effectiveness involves more than simple efficiency, which is limited to the production process assessment of peer operational units. Effectiveness incorporates variables that are both controllable (i.e. efficiency) and non-controllable (i.e. perceived quality) by the operational units. It is a...
Persistent link: https://www.econbiz.de/10011052539