Valuation of efficiency under conditions of uncertainty and subjectivity

Valuation of efficiency under conditions of uncertainty and subjectivity

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Article ID: iaor20062951
Country: Spain
Volume: 7
Issue: 1
Start Page Number: 81
End Page Number: 96
Publication Date: May 2002
Journal: Fuzzy Economic Review
Authors: , ,
Keywords: fuzzy sets, economics
Abstract:

With this paper we have intended to adapt DEA (Data Envelopment Analysis), one of the most widespread techniques in measuring efficiency. This reformulation will be carried out under fuzzy logic, and its mathematical development will be done by using the theory of fuzzy sets and systems. This will allow us to treat all the imprecise and subjective variables which intervene in measuring the efficiency of both public and private sector organisations.

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