Article ID: | iaor20001225 |
Country: | Netherlands |
Volume: | 111 |
Issue: | 1 |
Start Page Number: | 62 |
End Page Number: | 74 |
Publication Date: | Nov 1998 |
Journal: | European Journal of Operational Research |
Authors: | Gong Linguo, Sun Bruce |
Keywords: | production |
This study evaluates production operations with inputs/outputs under random influences. We introduce a measurement of efficiency using utility function families. Applying Data Envelopment Analysis (DEA) and the certainty equivalent, the proposed measurement is capable of accommodating various risk attitudes of evaluators.