Non-convex Value Efficiency Analysis

Tarja Joro and Pekka Korhonen
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Tarja Joro: University of Alberta

Chapter Chapter 10 in Extension of Data Envelopment Analysis with Preference Information, 2015, pp 147-159 from Springer

Abstract: Abstract As we have discussed and demonstrated in Chaps. 7 – 9 , the value efficiency analysis can be applied to input-, output-, and combined-oriented models. It is also applicable to various returns to scale assumptions (CRS, VRS, NIRS, and NDRS). However, the convex property of a production possibility set is required. Unfortunately, the extension to non-convex PPS is not straightforward. Not only the extension is theoretically interesting, it has an important practical meaning in some situations.

Keywords: Efficiency Score; Convex Cone; Efficiency Analysis; Efficient Frontier; Tangent Cone (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-1-4899-7528-7_10

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