Additive data envelopment analysis (DEA) based on multicriteria decision analysis (MCDA) with imprecise information

Additive data envelopment analysis (DEA) based on multicriteria decision analysis (MCDA) with imprecise information

0.00 Avg rating0 Votes
Article ID: iaor2009715
Country: United Kingdom
Volume: 59
Issue: 1
Start Page Number: 54
End Page Number: 63
Publication Date: Jan 2008
Journal: Journal of the Operational Research Society
Authors: , ,
Keywords: soft systems, decision theory: multiple criteria
Abstract:

This work exploits links between Data Envelopment Analysis (DEA) and multicriteria decision analysis (MCDA), with decision making units (DMUs) playing the role of decision alternatives, A novel perspective is suggested on the use of the additive DEA model in order to overcome some of its shortcomings, using concepts from multiattribute utility models with imprecise information, The underlying idea is to convert input and output factors into utility functions that are aggregated using a weighted sum (additive model of multiattribute utility theory), and then let each DMU choose the weights associated with these functions that minimize the difference of utility to the best DMU. The resulting additive DEA model with oriented projections has a clear rationale for its efficiency measures, and allows meaningful introduction of constraints on factor weights.

Reviews

Required fields are marked *. Your email address will not be published.