Measuring efficiency by a single price system

Measuring efficiency by a single price system

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Article ID: iaor20001669
Country: Netherlands
Volume: 115
Issue: 3
Start Page Number: 616
End Page Number: 623
Publication Date: Jun 1999
Journal: European Journal of Operational Research
Authors:
Keywords: programming: linear, statistics: data envelopment analysis, measurement
Abstract:

We propose a multi-criteria model to measure the relative levels of efficiency for a set of alternatives. Measurement is achieved by a single price system. This involves a marked difference between Data Envelopment Analysis (DEA) and the model herein. Neither the assumptions of the proposed model nor its mathematical solution are related to DEA. In contrast to DEA, the model allows for selecting a single efficiency optimum.

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