Slack free MEA and RDM with comprehensive efficiency measures
Mette Asmild and
Jesus Pastor
Omega, 2010, vol. 38, issue 6, 475-483
Abstract:
This paper extends two directional distance function models, the Multi-directional Efficiency Analysis (MEA) Model and the Range Directional Model (RDM), in order to account for any type of technical inefficiency, i.e. both directional and non-directional inefficiencies. We first focus on the variable returns to scale (VRS) case, because both VRS-MEA and RDM are translation invariant models, which mean that both models are able to deal with negative data. Our main result is the definition of a new comprehensive efficiency measure which is units invariant and translation invariant and covers both models. Secondly, we introduce the RDM model under constant returns to scale (CRS) together with a new comprehensive efficiency measure.
Keywords: Efficiency; analysis; Slack; free; models; Comprehensive; efficiency; measures; DEA; Directional; distance; functions; MEA; RDM (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (36)
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