Using DEA to estimate the importance of objectives for decision makers

Francisco J. André (), Inés Herrero and Laura Riesgo
Additional contact information
Inés Herrero: Universidad Pablo de Olavide, http://www.upo.es/

No E2004/50, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: In this paper we establish further connections between DEA and Multi-criteria Decision Analysis by suggesting a particular way to estimate preference weights for different objectives using DEA. We claim that the virtual multipliers obtained from a standard DEA model are not suitable to measure the preferences of a decision maker. Our suggestion takes advantage of the parallelism between DEA and the methodology proposed by Sumpsi et al. (1997) by projecting each unit on a linear combination of the elements of the pay-off matrix. Finally, we make an application of the proposed methodology to agricultural economics in a case study with Spanish data.

Keywords: Data Envelopment Analysis; Multicriteria Decision Analysis; preferences; weights; virtual multipliers. (search for similar items in EconPapers)
JEL-codes: C61 L23 Q12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff
Date: 2004
View list of references

Downloads: (external link)
http://public.centrodeestudiosandaluces.es/pdfs/E200450.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cea:doctra:e2004_50

Access Statistics for this paper

More papers in Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces
Address: c/ Bailén 50. 41001 Sevilla
Contact information at EDIRC.
Series data maintained by Teresa Rodríguez ().