the most revenue efficiency with price uncertainty
Authors
abstract
in this paper, a new revenue efficiency data envelopment analysis (re-dea) approach is considered for finding the most revenue efficient unit with price uncertainty in both optimistic and pessimistic perspectives. the optimistic and pessimistic perspectives use efficient frontier and inefficient frontier, respectively. an integrated model is introduced to find decision making units (dmus) that can be a candidate for most revenue efficient unit, in both optimistic and pessimistic points. consequently, the revenue efficiency of all dmus is calculated with by solving one model. then a mix integer programming (mip) model is proposed for finding the most revenue efficient dmu with common set of weights. the proposed model ensures that just one unit has been revenue efficiency. to illustrate the applicability of the new approach, the model is utilized for data from 21 medical centers in taiwan.
similar resources
The Most Revenue Efficiency with Price Uncertainty
In this paper, a new revenue efficiency data envelopment analysis (RE-DEA) approach is considered for finding the most revenue efficient unit with price uncertainty in both optimistic and pessimistic perspectives. The optimistic and pessimistic perspectives use efficient frontier and inefficient frontier, respectively. An integrated model is introduced to find decision making units (DMUs) t...
full textRevenue and efficiency in multi-unit uniform-price auctions
Recently both the range and the value of objects sold by auction have grown tremendously. An auction is an exchange mechanism with asymmetric information. Auctions are so popular because when the seller is unsure about the value that bidders assign to the sold objects, one possible way to reveal the bidder who is willing to pay the highest price for the object is to apply an appropriate auction...
full textMeasuring robust overall profit efficiency with uncertainty in input and output price vectors
The classic overall profit needs precise information of inputs, outputs, inputs and outputs price vectors. In real word, all data are not certain. Therefore, in this case, stochastic and fuzzy methods use for measuring overall profit efficiency. These methods require more information about the data such as probability distribution function or data membership function, which in some cases may no...
full textOil Price Uncertainty in the Iranian Economy
T he relationship between the price of oil and the level of economic activity is a fundamental empirical issue in macroeconomics. In this research, by using a multivariate GARCH-in-Mean VAR, we try to investigate direct effects of uncertainty of oil price on macroeconomics of Iran by using annually data from 1965 to 2013.Results show that uncertainty about oil prices had a negative a...
full textThe most cost efficient automotive vendor with price uncertainty: A new DEA approach
Vendor’s performance evaluation is an important subject which has strategic implications for managing an efficient company. However, there are many important criteria for prospering company. These criteria may contradict together. In other words, while a criterion is improved, the other may worsen. Indeed, similar to manufacturing manager in global market, purchasing manager who has significant...
full textMedia Revenue Management with Audience Uncertainty
An important challenge faced by media broadcasting companies is how to allocate limited advertising space between upfront contracts and the spot market (referred to in advertising as the scatter market), in order to maximize profits and meet contractual commitments. We develop stylized optimization models of airtime capacity planning and allocation across multiple clients under audience uncerta...
full textMy Resources
Save resource for easier access later
Journal title:
international journal of data envelopment analysisISSN 2345-458X
volume 3
issue 1 2015
Hosted on Doprax cloud platform doprax.com
copyright © 2015-2023