Integrating multiple criteria decision analysis and production theory for performance evaluation: Framework and review

Accounting, life cycle assessment (LCA) and data envelopment analysis (DEA) are examples of various research areas that independently develop apply diverse methodologies to evaluate performance. Though, many methods have in common the results be assessed mainly determined by inputs outputs activities which evaluated. Based on both production decision theory, our comprehensive framework integrates systematically distinguishes specific types production-based performance assessment. It allows examine categorise existing literature such approaches. Our review focuses sources explicitly concepts or multiple criteria (MCDA). We did not find any elaborated methodology fully MCDA with theory. At least, a basic approach multicriteria analysis, generalises appears well-grounded was already presented this journal 2001 has rarely been noticed until now. A short overview outlines its recent insights main findings. key finding is category mistake prevails among well-known efficiency measurement like DEA. may imply invalid empirical because processes confused resulting impacts destroying creating values (to minimised maximised, respectively). conclude defining open problems indicating prospective directions.