The Gemstone Example

Dariush Khezrimotlagh and Yao Chen
Additional contact information
Dariush Khezrimotlagh: Penn State Univeristy
Yao Chen: University of Massachusetts at Lowell

Chapter Chapter 1 in Decision Making and Performance Evaluation Using Data Envelopment Analysis, 2018, pp 1-32 from Springer

Abstract: Abstract In this chapter, a simple example is provided to explain several concepts which are important to measure the performance of a set of homogenous factories, organizations, firms and so on. No computer knowledge is needed in this chapter, but a very elementary knowledge of mathematics will be required, such as sketching a line in a plane. The section is started with a question about a jewelry company which would like to evaluate 17 candidates according to the results of a task. The concepts are logically discussed to pave the way to introduce different aspects of the company and to establish the corresponding mathematical foundation for further complex questions on measuring the performance of firms. Several figures are provided to elucidate the concepts. Of course, the provided concepts are not new and have been mentioned in the literature of Economics, Management, Engineering and Operations Research; however, in order to avoid any confusion, these concepts are re-introduced and the pros and cons of each concept are generally illustrated. At the end of this chapter, readers will have learned the elementary requirements and concepts of measuring the performance evaluation of firms.

Keywords: Gemstones; Jewelry Company; Output Factors; Unit Invariant Property; Cartesian Coordinate Plane (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-319-76345-3_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319763453

DOI: 10.1007/978-3-319-76345-3_1

Access Statistics for this chapter

More chapters in International Series in Operations Research & Management Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().