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Persistent link: https://www.econbiz.de/10012427659
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
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
Data envelopment analysis (DEA) is a methodology for measuring the relative efficiencies of a set of decision making units (DMUs) that use multiple inputs to produce multiple outputs. In the conventional DEA, all the data assume the form of specific numerical values. However, the observed values...
Persistent link: https://www.econbiz.de/10014044975
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 Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is a well-known Multi-Attribute Decision Making (MADM) method that is used to identify the most attractive alternative solution among a finite set of alternatives based on the simultaneous minimization of the distance...
Persistent link: https://www.econbiz.de/10014143747
Linear programming (LP) is the most widely used optimization technique for solving real-life problems because of its simplicity and efficiency. Although conventional LP models require precise data, managers and decision makers dealing with real-world optimization problems often do not have...
Persistent link: https://www.econbiz.de/10014143748
Performance evaluation in conventional data envelopment analysis (DEA) requires crisp numerical values. However, the observed values of the input and output data in real-world problems are often imprecise or vague. These imprecise and vague data can be represented by linguistic terms...
Persistent link: https://www.econbiz.de/10013114994
Data envelopment analysis (DEA) is a widely used mathematical programming approach for evaluating the relative efficiency of decision making units (DMUs) in organizations. Crisp input and output data are fundamentally indispensable in traditional DEA evaluation process. However, the input and...
Persistent link: https://www.econbiz.de/10013116510
In a recent paper, Jiménez et al. [M. Jiménez, M. Arenas, A. Bilbao, M.V. Rodríguez. Linear programming with fuzzy parameters: An interactive method resolution. European Journal of Operational Research 177(2007) 1599-1609] propose a “general” and “interactive” method for solving...
Persistent link: https://www.econbiz.de/10013116511