Extension of data envelopment analysis with preference information. Value efficiency

DOI10.1007/978-1-4899-7528-7MaRDI QIDQ905589zbMATH OpenOpenAlexFDO

Authors Tarja Joro, Pekka J. Korhonen

Publication date 20 January 2016

Published in International Series in Operations Research & Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/978-1-4899-7528-7

zbMATH Keywords

data envelopment analysismultiple objective linear programmingpreference informationvalue efficiency

Mathematics Subject Classification ID

Numerical mathematical programming methods (65K05) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02) Management decision making, including multiple objectives (90B50) Linear programming (90C05) Special problems of linear programming (transportation, multi-index, data envelopment analysis, etc.) (90C08) Multi-objective and goal programming (90C29) Decision theory (91B06)

Review text

This book introduces an approach of data envelopment analysis which is based on the idea to combine multiple objective linear programming, and data envelopment analysis. In multiple objective linear programming the purpose is to help a decision maker find the most preferred solution on the efficient frontier. Especially, this book provides an introduction to incorporating preference information in data envelopment analysis with a special emphasis in value efficiency analysis. In the beginning, the authors explain the motivation and introduce the basic concepts, the basic ideas and models of data envelopment analysis. Moreover, they give ideas to extend those models to deal with the preference information of the decision maker. The efficient frontier and production possibility set concepts which playing an important role in all considerations are presented. The approaches introduced in this book are inspired by multiple objective linear programming. The authors presented comparison and contrast data envelopment analysis and multiple objective linear programming, providing some cornerstones for approaches presented later in the book. Last chapters of this book discuss the traditional approaches to take into account preference information in data envelopment analysis. Value efficiency is introduced, and discusses practical aspects. Moreover some extensions are presented. Especially, value efficiency is extended to cover the case when a production possibility set is not convex. In addition to theoretical considerations, numerous illustrative examples are included. The applications included in the book present the suitability of the model in real-world decision making. The first one considering efficiency of academic research, the second one discusses benchmarking and applies value efficiency analysis into efficiency of parishes, and the third one investigates the efficiency of bank branches using non-convex value efficiency analysis.

Recommendations

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Cited in

(17)

• An interactive approach to improve estimates of value efficiency in data envelopment analysis.
• Restricting weights in value efficiency analysis.
• A lexicographic radial projection onto the efficient frontier in data envelopment analysis
• Returns to scale in convex production technologies
• Integrating multiple criteria decision analysis and production theory for performance evaluation: framework and review
• Using a Choquet integral-based approach for incorporating decision-maker's preference judgments in a data envelopment analysis model
• Incorporating preference information in a range directional composite indicator: the case of portuguese public hospitals
• A value efficiency approach to incorporating preference information in data envelopment analysis
• Optimal weights in DEA models with weight restrictions
• Incorporating value jugdments in DEA
• Value efficiency analysis in different technologies
• Are the Portuguese public hospitals sustainable? A triple bottom line hybrid data envelopment analysis approach
• Using Zionts-Wallenius method to improve estimate of value efficiency in DEA
• Protocols for MPS choices in VEA models with variable returns to scale
• Inverted VEA for worst-practice benchmarking: with an application to distress prediction of European banks
• Multi-output efficiency and operational safety: an analysis of railway traffic control centre performance
• Preference, Production and Performance in Data Envelopment Analysis

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