Value-based data envelopment analysis: a piece-wise linear programming approach

Dimitris K. Despotis and Dimitrios Sotiros

International Journal of Multicriteria Decision Making, 2014, vol. 4, issue 1, 47-68

Abstract: Incorporating value judgments in data envelopment analysis (DEA) is a broad methodological framework that facilitates driving the efficiency assessments in line with individual preferences. Value-based DEA is a recent development that resorts to value assessment protocols from multiple criteria decision analysis (MCDA) to transform the original input/output data to a value scale. In this context, we introduce in this paper a piece-wise linear programming approach to value-based DEA, by employing a data transformation-variable alteration technique and assurance region constraints. We outline our approach by revisiting a previous efficiency assessment study drawn from the literature.

Keywords: data envelopment analysis; piece-wise linear programming; value-based DEA; value judgments; value assessment; multicriteria decision analysis; MCDA; efficiency assessment. (search for similar items in EconPapers)
Date: 2014
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