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Open AccessJournal ArticleDOI

Measuring the efficiency of decision making units

TLDR
A nonlinear (nonconvex) programming model provides a new definition of efficiency for use in evaluating activities of not-for-profit entities participating in public programs and methods for objectively determining weights by reference to the observational data for the multiple outputs and multiple inputs that characterize such programs.
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This article is published in European Journal of Operational Research.The article was published on 1978-11-01 and is currently open access. It has received 25433 citations till now. The article focuses on the topics: Programming paradigm & Data envelopment analysis.

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Comparative Site Evaluations for Locating a High-Energy Physics Lab in Texas

TL;DR: In this article, a comparative site analysis was made by applying Data Envelopment Analysis (DEA), incorporating project cost, user time delay, and environmental impact data, and arguments were developed to bracket these pairs of price weights into an "assurance region" for the preferred site(s).
Journal ArticleDOI

Frontier production functions

TL;DR: The authors summarizes the literature on frontier production and cost functions and their relationship to the problem of efficiency measurement, and summarizes a survey of frontier production methods and their relationships to the efficiency measurement problem.
Journal ArticleDOI

Evaluation of clustering algorithms for financial risk analysis using MCDM methods

TL;DR: An MCDM-based approach to rank a selection of popular clustering algorithms in the domain of financial risk analysis and indicates that the repeated-bisection method leads to good 2-way clustering solutions on the selected financial risk data sets.
Journal ArticleDOI

Data envelopment analysis: Prior to choosing a model

TL;DR: In this article, the authors address several issues related to the use of data envelopment analysis (DEA), including model orientation, input and output selection/definition, use of mixed and raw data, and number of inputs and outputs to use versus the number of DMUs.
Journal ArticleDOI

Introducing environmental variables in nonparametric frontier models : a probabilistic approach

TL;DR: In this paper, a general formulation of a nonparametric frontier model introducing external environmental factors that might influence the production process but are neither inputs nor outputs under the control of the producer is proposed.
References
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Journal ArticleDOI

The Measurement of Productive Efficiency

M. J. Farrell
Book

Theory of cost and production functions

TL;DR: In this article, a unified treatment of cost and production functions underlie the economic theory of production is presented, and the duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems.
Book

General competitive analysis

TL;DR: General competitive analysis, General competitive analysis as mentioned in this paper, General Competitive Analysis (GCA), general competitive analysis (GCA), GCA, GCA(GCA), GCA
Book

Cost and production functions

TL;DR: In this paper, the authors present a mathematical interpretation of the duality between cost and production function, and present a heuristic principle of minimum costs and a Cobb-Douglas production function.
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