Data envelopment analysis, operational research and uncertainty

Data envelopment analysis, operational research and uncertainty

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Article ID: iaor200973014
Country: United Kingdom
Volume: 61
Issue: 1
Start Page Number: 25
End Page Number: 34
Publication Date: Jan 2010
Journal: Journal of the Operational Research Society
Authors: ,
Keywords: relationships with other disciplines, philosophy
Abstract:

This paper discusses a number of applications of data envelopment analysis and the nature of uncertainty in those applications. It then reviews the key approaches to handling uncertainty in data envelopment analysis (DEA) (imprecise DEA, bootstrapping, Monte Carlo simulation and chance constrained DEA) and considers their suitability for modelling the applications. The paper concludes with suggestions about the challenges facing an operational research analyst in applying DEA in real-world situations.

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