Extended utility and DEA models without explicit input

Guoliang Yang, Wanfang Shen, Daqun Zhang and Wenbin Liu
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Guoliang Yang: Institute of Policy and Management, Chinese Academy of Sciences, Beijing, China
Wanfang Shen: Shandong University of Finance and Economics, Shandong, Jinan, China
Daqun Zhang: Temple University, Philadelphia, USA
Wenbin Liu: University of Kent, Canterbury, UK

Journal of the Operational Research Society, 2014, vol. 65, issue 8, 1212-1220

Abstract: In this paper, we discuss the relationship between multi-attribute utility theory and data envelopment analysis (DEA) models without explicit inputs (DEA-WEI), including dual models and some theoretical analysis of DEA-WEI models. We then propose generic DEA-WEI models with quadratic utility terms. Finally, we provide illustrative examples to show that DEA-WEI with suitable quadratic utility terms are able to reflect some value judgments that the standard DEA models cannot.

Date: 2014
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