Uncertainty is a prominent feature of real world problems and more especially financialmarkets; with this in mind, dealing with uncertainty becomes a necessary part of performanceevaluation by means of data envelopment analysis. This paper presents three robust dataenvelopment analysis (DEA) models and their application for performance evaluation inTehran Stock Exchange (TSE). Based on the resu...

Markowitz model is the first modern formulation of portfolio optimization problem. Relyingon historical return of stocks as basic information and using variance as a risk measure aretow drawbacks of this model. Since Markowitz model has been presented, many effortshave been done to remove theses drawbacks. On one hand several better risk measures havebeen introduced and proper models have been ...

as organization developed and the control area of management increased, assessment and control of organizational units became more essential for managers. usually managers try to assess the performance of units by defining and measuring varied indexes in operational department. also this method transforms some idea to managers, but doesn't attention to interrelationship between these index...

envelopment analysis (dea) is a very eective method to evaluate the relative eciency of decision-making units (dmus). dea models divided all dmus in two categories: ecient and inecientdmus, and don't able to discriminant between ecient dmus. on the other hand, the observedvalues of the input and output data in real-life problems are sometimes imprecise or vague, suchas interval data, ...

Envelopment Analysis (DEA) is a very eective method to evaluate the relative eciency of decision-making units (DMUs). DEA models divided all DMUs in two categories: ecient and inecientDMUs, and don't able to discriminant between ecient DMUs. On the other hand, the observedvalues of the input and output data in real-life problems are sometimes imprecise or vague, suchas interval data, ordinal da...