Using DEA to estimate the importance of objectives for decision makers

Francisco André, Inés Herrero and Laura Riesgo
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Inés Herrero: Universidad Pablo de Olavide, http://www.upo.es/
Laura Riesgo: Univ. Pablo de Olavide, http://www.upo.es

No E2004/50, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: In this paper we establish further connections between DEA and Multi-criteria Decision Analysis by suggesting a particular way to estimate preference weights for different objectives using DEA. We claim that the virtual multipliers obtained from a standard DEA model are not suitable to measure the preferences of a decision maker. Our suggestion takes advantage of the parallelism between DEA and the methodology proposed by Sumpsi et al. (1997) by projecting each unit on a linear combination of the elements of the pay-off matrix. Finally, we make an application of the proposed methodology to agricultural economics in a case study with Spanish data.

Keywords: Data Envelopment Analysis; Multicriteria Decision Analysis; preferences; weights; virtual multipliers. (search for similar items in EconPapers)
JEL-codes: C61 L23 Q12 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2004
New Economics Papers: this item is included in nep-eff
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