Peer-judgment risk minimization using DEA cross-evaluation with an application in fishery

Mohammed Al-Siyabi, Gholam R. Amin (), Shekar Bose and Hussein Al-Masroori
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Mohammed Al-Siyabi: Sultan Qaboos University
Gholam R. Amin: University of New Brunswick at Saint John
Shekar Bose: Sultan Qaboos University
Hussein Al-Masroori: Sultan Qaboos University

Annals of Operations Research, 2019, vol. 274, issue 1, No 2, 39-55

Abstract: Abstract One of the shortcomings in the standard data envelopment analysis (DEA) self-evaluation models is the flexibility of choosing favorable DEA weights on inputs and outputs. This study uses the potential of DEA cross-efficiency evaluation and proposes a new mean–variance goal programming model for minimizing the risk of changing DEA weights for identification of high performed decision making units. The applicability of the proposed method in this paper is demonstrated through an application in Oman fishery, to address peer-judgment risk in fisheries. The suggested model also provides a list of fishers with maximum cross-efficiency scores.

Keywords: Data envelopment analysis; Cross-efficiency evaluation; Mean–variance goal programming; Peer-judgment; Risk minimization; Fishery (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10479-018-2858-3

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