An Improvement for Efficiency Interval: Efficient and Inefficient Frontiers
Authors
Abstract:
The performances of decision-making units (DMUs) can be evaluated from two different points of view optimistic and pessimistic and accordingly, two different efficiencies can be calculated for each DMU: the best relative efficiency and the worst relative efficiency. In the conventional methods of data envelopment analysis (DEA), only the best relative efficiency is evaluated. It is argued here that both efficiencies must be considered simultaneously, and any approach that considers only one of them will be biased. In this paper, it is proposed that to integrate both efficiencies in the form of an interval evaluates the overall performance of each DMU. To this end, a virtual DMU is used called the ideal DMU. The new DEA models with upper and lower bounds on efficiency are called the bounded DEA models. A numerical example is presented to illustrate the application of the proposed DEA models. Keywords: Data Envelopment Analysis (DEA), Optimistic and Pessimistic Efficiencies, Bounded DEA Models, Efficiency Interval.
similar resources
nano-rods zno as an efficient catalyst for the synthesis of chromene phosphonates, direct amidation and formylation of amines
چکیده ندارد.
development and implementation of an optimized control strategy for induction machine in an electric vehicle
in the area of automotive engineering there is a tendency to more electrification of power train. in this work control of an induction machine for the application of electric vehicle is investigated. through the changing operating point of the machine, adapting the rotor magnetization current seems to be useful to increase the machines efficiency. in the literature there are many approaches wh...
15 صفحه اولZero Weights in Weak Efficient and Inefficient Points with AHP
In this paper an approach in data envelopment analysis dealing with evaluation of non – zero slacks was propounded. This approach intends that weight of inefficient and weak efficient points that have been evaluated as zero weight, be considered as positive weight, and also in this approach, the pareto efficiency evaluates the picture of this point. In this approach positive weights in the i...
full textMaking inefficient market indices efficient
The concept of efficient portfolios plays an important role in modern financial theory and practice. Although there is an extensive and growing literature that focuses on testing portfolio efficiency, outside of mean-variance optimization, which has several serious shortcomings, no systematic methodology for building efficient portfolios from inefficient indices has been developed. This paper a...
full textAn Efficient Branching Algorithm for Interval Completion
We study the interval completion problem, which asks for the insertion of a set of at most k edges to make a graph of n vertices into an interval graph. We focus on chordal graphs with no small obstructions, where every remaining obstruction is known to have a shallow property. From such a shallow obstruction we single out a subset 6 or 7 vertices, called the frame, and 5 missed edges in the su...
full textMy Resources
Journal title
volume 1 issue None
pages 49- 65
publication date 2011-10
By following a journal you will be notified via email when a new issue of this journal is published.
No Keywords
Hosted on Doprax cloud platform doprax.com
copyright © 2015-2023