Article ID: | iaor20061046 |
Country: | Serbia |
Volume: | 15 |
Issue: | 2 |
Start Page Number: | 259 |
End Page Number: | 276 |
Publication Date: | Jan 2005 |
Journal: | Yugoslav Journal of Operations Research |
Authors: | Damaskos Xenofon, Kalfakakou Glykeria |
Keywords: | finance & banking, decision theory: multiple criteria |
Operational research methodologies are a powerful tool assisting managers in their effort to critically review business data and decide on future business actions. This paper presents the application of Electre multi-criteria methodology and Data Envelopment Analysis as part of a small commercial bank's ongoing effort to reengineer its branch network. We focus on two particular problems: first, categorization of the branches so as to apply adequate equivalent organizational schemas and second the assessment of relative efficiency of human resources.