Improving information reliability of non-radial value efficiency analysis: An additive slacks based measure approach

Javad Gerami, Mohammad Reza Mozaffari, Peter F. Wanke and Henrique L. Correa

European Journal of Operational Research, 2022, vol. 298, issue 3, 967-978

Abstract: The value efficiency approach is one possible way of incorporating information preferences into performance analysis of Decision-Making Units (DMUs). In this paper, we propose a novel geometric interpretation of value efficiency while plugging it into radial and non-radial DEA (Data Envelopment Analysis) models under the assumption of variable returns to scale. In addition, this novel geometric interpretation of value efficiency is extended to Additive Slacks-Based Measure (ASBM) modeling. This is achieved by linearization of non-radial DEA models using multi-objective programming. Performance of such proposed approaches in terms of reliability and discriminatory power are compared through a case study involving Finish bank branches. Research implications are then derived and conclusions are drawn.

Keywords: Data envelopment analysis; Value efficiency; Additive slacks-based measure; Multiple objective linear programming; Non-radial (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:298:y:2022:i:3:p:967-978

DOI: 10.1016/j.ejor.2021.07.036

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