Measuring sustainable performance of OECD countries considering CO2 emissions: A new optimistic-pessimistic distance friction Minimization Model

Habib Zare Ahmadabadi, Fatemeh Zamzam, Ali Emrouznejad, Alireza Naser Sadrabadi and Ali Morovati Sharifabadi

Socio-Economic Planning Sciences, 2024, vol. 96, issue C

Abstract: In today's competitive business environment, evaluating the performance of decision-making units (DMUs) such as countries and institutions is paramount. Data Envelopment Analysis (DEA) is widely used for this purpose. One prevalent model, the Distance Friction Minimization (DFM) method, is effective in devising improvement strategies for low-efficiency DMUs. However, it has limitations as it only assesses the distance of DMUs to the efficient frontier, neglecting the inefficient frontier and providing an overly optimistic assessment. Hence, there is a growing need for methods that consider both frontiers to overcome this issue.

Keywords: Decision-making units (DMUs); Data envelopment analysis (DEA); Distance friction Minimization (DFM); Sustainable performance; Efficient frontier (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:96:y:2024:i:c:s0038012124002544

DOI: 10.1016/j.seps.2024.102055

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