Context-dependent Data Envelopment Analysis

Joe Zhu ()
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Joe Zhu: Worcester Polytechnic Institute

Chapter 9 in Quantitative Models for Performance Evaluation and Benchmarking, 2014, pp 153-174 from Springer

Abstract: Abstract Adding or deleting an inefficient DMU or a set of inefficient DMUs does not alter the efficiencies of the existing DMUs and the best-practice frontier. The inefficiency scores change only if the best-practice frontier is altered. i.e., the performance of DMUs depends only on the identified best-practice frontier. In contrast, researchers of the consumer choice theory point out that consumer choice is often influenced by the context. e.g., a circle appears large when surrounded by small circles and small when surrounded by larger ones. Similarly a product may appear attractive against a background of less attractive alternatives and unattractive when compared to more attractive alternatives.

Keywords: Data Envelopment Analysis; Efficiency Score; Data Envelopment Analysis Model; Flexible Manufacturing System; Efficient Frontier (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-319-06647-9_9

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