Private finance initiative (PFI), as a form of public/private partnership (PPP), helps to contract the private sector to governmental projects. In contrast to traditional public financed projects, PFI projects are procured by allowing a private sector entity to take the responsibility to design, build, finance, and operate (DBFO) an asset for a contract period of up to several decades. Moreover...

This paper presents a new robust two-stage Data Envelopment Analysis (DEA) for efficiency evaluation of the electricity power production and distribution companies. DEA has been widely used for benchmarking the electricity companies. Traditional studies in DEA consider systems as a whole when measuring the efficiency, ignoring the operation of individual processes within a system. To tackle thi...

Data envelopment analysis (DEA) is a non-parametric technique for evaluation of relative efficiency of decision making units described by multiple inputs and outputs. It is based on solving linear programming problems. Since 1978 when basic DEA model was introduced many its modifications were formulated. Among them are two or multi-stage models with serial or parallel structure often called net...

Introduction Collaborative innovation is a trans-disciplinary approach for developing the wholeness synergy to improve the competitiveness of an organization through holistic, competitive and complementary interactions between and among innovation participants in a specific environment (Bommert, 2010; Swink, 2006). The collaborative innovation system essentially consists of three sectors: indus...

A widely publicized series of mergers has characterized the banking industry in recent years. Shareholder returns from these mergers have often been disappointing. This study finds delays in implementing potential operating savings and realizing benefits of scale economies may be one reason bank mergers have disappointing returns. We analyze a 200 branch network formed in a merger of four banks...

The evaluation of research & development (R&D) performance has been an important problem of both academic interest and practical need. This paper presents an empirical study in which we use Data Envelopment Analysis (DEA) to evaluate the R&D performance of 52 integrated semiconductor firms located at Hsinchu Science-based Industrial Park in Taiwan. We found that the R&D performance is very diff...