An enhanced BAM for unbounded or partially bounded CRS additive models

Jesus Pastor, Juan Aparicio, Javier Alcaraz, Fernando Vidal Giménez and Diego Pastor

Omega, 2015, vol. 56, issue C, 16-24

Abstract: The Bounded Adjusted Measure (BAM), initially defined for the additive model, which is a variable returns to scale (VRS) model, was extended to the constant returns to scale (CRS) case [7]. The added range-bounds, which maintain unaltered the production possibility set (PPS) under VRS, showed an influential effect under CRS, reducing the corresponding PPS, as well as a negative effect, excluding some of the original CRS projections. Here we propose an enhanced extension that, by considering a different set of less restrictive bounds, eliminates the negative effect. Moreover, we customize this new extension for the family of partially bounded CRS additive models, i.e., models where at least one variable is naturally bounded from below, if it is an input, or from above, if it is an output.

Keywords: Data Envelopment Analysis; CRS additive model; Bounded CRS additive model; Partially bounded CRS additive model (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (10)

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DOI: 10.1016/j.omega.2015.02.009

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