Stochastic efficiency analysis with a reliability consideration

Stochastic efficiency analysis with a reliability consideration

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Article ID: iaor20141939
Volume: 48
Issue: 11
Start Page Number: 1
End Page Number: 9
Publication Date: Oct 2014
Journal: Omega
Authors: , ,
Keywords: quality & reliability
Abstract:

  • The model proposed is a stochastic variant of the deterministic CCR DEA model.
  • The new model bridges two existing stochastic DEA models in the literature.
  • The stochastic efficiency index is interpreted under joint normality.
  • An iterative procedure is presented to compute the stochastic efficiency index.
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