This paper firstly reviews the cross efficiency evaluation method which is an extension tool of data envelopment analysis (DEA), then we describe the main shortcomings when the ultimate average cross efficiency scores are used to evaluate and rank the decision making units (DMUs). Subsequently, we eliminate the assumption of average and utilize the stationary distribution of Markov matrix to de...

As the most important responsibility of purchasing management, the problem of supplier evaluation and selection has always received a great deal of attention from practitioners and researchers. This management decision is a challenge due to the complexity and various criteria involved. Many methods based on data envelopment analysis(DEA) emerged, especially the cross efficiency. But it exists s...

energy, due to its increasing usage in various broad areas has been maintained as a vital factor in economic growth and development of societies. meanwhile, natural gas is considered as one of the most important energy sources. therefore, the efficiency and the productivity of the gas companies are crucial to be assessed. numerous examples from industrial multistage processes including internal...

This paper introduces a series of new concepts under the name Economic Cross-Efficiency, which is rendered operational through Data Envelopment Analysis (DEA) techniques. To achieve this goal, from theoretical perspective, we connect two key topics in efficiency literature that have been unrelated until now: economic and cross-efficiency. In particular, it shown that, input (output) homothetici...

data envelopment analysis (dea) is a method to evaluate the relative efficiency of decision making units (dmus). in this method, the issue has always been to determine a set of weights for each dmu which often caused many problems. since the dea models also have the multi-objective linear programming (molp) problems nature, a rational relationship can be established between molp and dea problem...

Background and objectives: Managers will be able to allocate resources optimally using performance evaluation data, specifically, efficiency evaluation of organizations. An efficiency evaluation of hospitals can be provided by determining the optimal scales for each hospital, to which optimal allocation of resources will be possible. Therefore, the present study aimed to evalua...

Allocative inefficiencies in online auction markets can result in the loss of revenues for sellers. It can also cause frustration for buyers who fail to win an item despite placing bids higher than other winners. The main contention of this work is that allocative inefficiencies present arbitrage opportunities, though not strictly in the traditional financial market sense, where risk-free profi...