The radial measures of classical DEA models (CCR, BCC) are incomplete, they are only separate measures of input and output efficiency and their efficiency index omit the non-zero input and output slacks. Enhanced Russell graph measure (ERM) eliminates these deficiencies. All of the existing...

IMF policies have been widely criticized in the aftermath of the Asian crisis. Key critics questioned the appropriateness and the sequencing of financial liberalization programs which, along with insufficient monitoring and inadequate prudential regulations, left the financial sectors of the...

The original context-dependent Data Envelopment Analysis (DEA) is developed to measure the attractiveness and progress of Decision-Making Units (DMUs) based on a given evaluation context and different strata of efficient frontiers, rather than the traditional first-level efficient frontier, are...