Generalized symmetric weight assignment technique: Incorporating managerial preferences in data envelopment analysis using a penalty function

Generalized symmetric weight assignment technique: Incorporating managerial preferences in data envelopment analysis using a penalty function

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Article ID: iaor20125395
Volume: 41
Issue: 1
Start Page Number: 48
End Page Number: 54
Publication Date: Jan 2013
Journal: Omega
Authors: ,
Keywords: decision theory, allocation: resources
Abstract:

In this paper, we generalize the Symmetric Weight Assignment Technique to incorporate all managerial preferences in Data Envelopment Analysis (DEA). This is a method that promotes managerial preferences, while not changing the feasibility region of the nominal DEA model, unlike standard techniques such as cone ratio and assurance region that potentially yield infeasible problems. We discuss how this generalization is motivated by a real word problem where the decision maker's preference is not precisely known. We also discuss how we are using our generalization in solving a workforce allocation problem for the United States Navy.

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