the present study is an attempt toward evaluating the performance of portfolios and asset selectionusing cross-efficiency evaluation. cross-efficiency evaluation is an effective way of ranking decisionmaking units (dmus) in data envelopment analysis (dea). conventional dea models assume nonnegativevalues for inputs and outputs. however, we know that unlike return and skewness, varianceis the on...

cross efficiency is a method with the idea of peer evaluation instead of self-evaluation, and is used for evaluation and ranking decision making units (dmus) in data envelopment analysis (dea). unlike most existing dea ranking models which can only rank a subset of dmus, for example non-efficient or extreme efficient dmus, cross efficiency can rank all dmus, even non-extreme ones. however, sinc...

the cross efficiency evaluation is used to performance measurement of decision making units in data envelopment analysis concept. one of the most important shortcoming of this method is existing alternative optimal solution and therefore, the efficiency scores are not unique. we are going to summarize the pervious models proposed by researchers and suggest an alternative secondary goal approach...

The present study is an attempt toward evaluating the performance of portfolios and asset selectionusing cross-efficiency evaluation. Cross-efficiency evaluation is an effective way of ranking decisionmaking units (DMUs) in data envelopment analysis (DEA). Conventional DEA models assume nonnegativevalues for inputs and outputs. However, we know that unlike return and skewness, varianceis the on...

Cross efficiency evaluation was developed as an extension of DEA. But the traditional DEA models usually have alternative optimal solutions and, as a result, cross efficiency scores may not be unique. It is recommended that without changing the DEA efficiency scores, the secondary goal should be introduced for optimization of the inputs/outputs weights.  Several reports evaluated the perfo...

Cross efficiency is a method with the idea of peer evaluation instead of self-evaluation, and is used for evaluation and ranking Decision Making Units (DMUs) in Data Envelopment Analysis (DEA). Unlike most existing DEA ranking models which can only rank a subset of DMUs, for example non-efficient or extreme efficient DMUs, cross efficiency can rank all DMUs, even non-extreme ones. However, sinc...

Cross-efficiency evaluation has been suggested as an alternative method of efficiency evaluation and ranking in Data Envelopment Analysis (DEA) based on peer evaluation logic. A factor that possibly reduces the usefulness of the cross-efficiency evaluation is that cross-efficiency scores may not be unique due to the presence of alternative optima. As a result, it is recommended that secondary g...

in this study, the relative performance of mazandaran wood and paper company as a major supplier of paper products in iran was measured. network data envelopment analysis (dea) models with parallel structure were used to evaluate and measure its performance. gams software version 23.4 was used for data analysis. results indicated that this company in all studied years had good performances base...