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Data envelopment analysis (DEA) is a non-parametric method for evaluating the relative efficiency of decision-making units (DMUs) on the basis of multiple inputs and outputs. Conventional DEA models assume that inputs and outputs are measured by exact values on a ratio scale. However, the...
Persistent link: https://www.econbiz.de/10014040598
Data Envelopment Analysis (DEA) is a widely used mathematical programming technique for comparing the inputs and outputs of a set of homogenous Decision Making Units (DMUs) by evaluating their relative efficiency. The conventional DEA methods assume deterministic and precise values for the input...
Persistent link: https://www.econbiz.de/10014143745
The purpose of conventional Data Envelopment Analysis (DEA) is to evaluate the performance of a set of firms or Decision-Making Units using deterministic input and output data. However, the input and output data in the real-life performance evaluation problems are often stochastic. The...
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The increasing intensity of global competition has led organizations to utilize various types of performance measurement tools for improving the quality of their products and services. Data envelopment analysis (DEA) is a methodology for evaluating and measuring the relative efficiencies of a...
Persistent link: https://www.econbiz.de/10014040599
Data envelopment analysis (DEA) is a common non-parametric frontier analysis method. The multiplier framework of DEA allows flexibil- ity in the selection of endogenous input and output weights of decision making units (DMUs) as to cautiously measure their efficiency. The calculation of DEA...
Persistent link: https://www.econbiz.de/10014040600
Linear programming (LP) is the most widely used optimization technique for solving real-life problems because of its simplicity and efficiency. Although LP models require well-suited information and precise data, managers and decision makers dealing with optimization problems often have a lack...
Persistent link: https://www.econbiz.de/10014040602