A method using weight restrictions in data envelopment analysis for ranking and validity issues in decision making

A method using weight restrictions in data envelopment analysis for ranking and validity issues in decision making

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Article ID: iaor20083467
Country: United Kingdom
Volume: 34
Issue: 9
Start Page Number: 2637
End Page Number: 2647
Publication Date: Sep 2007
Journal: Computers and Operations Research
Authors: ,
Keywords: decision theory: multiple criteria
Abstract:

In this article we introduce a comprehensive yet efficient approach based on data envelopment analysis (DEA) with restricted multipliers for accountable and understandable multiple attribute decision making (MADM). Information system (IS) appraisals are motivated and used for illustrating the proposed methodology. Results show that the given DEA based approach can easily and significantly increase the information frame of the decision maker by identifying disparate rankings and by affirming the stability and validity of ranking outcomes. The given validity concept is contrary to the directions given in the main body of research and can also be used to question ranking outcomes of classic MADM methods.

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