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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...
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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...
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The standard data envelopment analysis measures of the Charnes–Cooper–Rhodes (CCR) and slacks-based measure (SBM) are ratio-form efficiency measures, which do not yield the closest projections. However, because of difficulties implementing projections based on standard measures, the closest...
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