Value Efficiency Analysis

Tarja Joro and Pekka Korhonen
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Tarja Joro: University of Alberta

Chapter Chapter 7 in Extension of Data Envelopment Analysis with Preference Information, 2015, pp 95-109 from Springer

Abstract: Abstract A basic assumption in multiple criteria decision-making research is that there is no objectively best solution for the problem. The best solution depends on a rational DM’s preferences. The term “rational” means that the DM wants to choose the solution for which there is no other solution that is equally good on all given criteria and better at least on one criterion. As we have defined in Chap. 4 , such solutions are called nondominated.

Keywords: Value Efficiency Analysis; Efficiency Scores; Pseudoconcave; Tangent Cone; Inefficiency Values (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-1-4899-7528-7_7

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