Data Envelopment Analysis: Balanced Benchmarking

Data Envelopment Analysis: Balanced Benchmarking PDF Author: Wade D. Cook
Publisher:
ISBN: 9781492974796
Category : Data envelopment analysis
Languages : en
Pages : 308

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Book Description
The current book introduces the methodology of data envelopment analysis (DEA). DEA uses mathematical programming techniques and models to evaluate the performance of peer units (e.g., bank branches, hospitals and schools) in terms of multiple performance measures or metrics. These multiple performance measures are classified or coined as DEA inputs and DEA outputs. Although DEA has a strong link to production theory in economics, the tool is also used for benchmarking in operations management, where a set of measures is selected to benchmark the performance of manufacturing and service operations. In the circumstance of benchmarking, the efficient DMUs, as defined by DEA, may not necessarily form a "production frontier", but rather lead to a "best-practice frontier". DEA's empirical orientation and absence of a priori assumptions have resulted in its use in a number of studies involving efficient or best-practice frontier estimation in the nonprofit, regulated, and private sectors. DEA applications involve a wide range of contexts, such as education, health care, banking, armed forces, auditing, market research, retail outlets, organization effectiveness, transportation, public housing, and manufacturing. DEA is a balanced benchmarking tool that will help organizations to examine their assumptions about their productivity and performance. The book provides students, researchers, and practitioners with a solid understanding of the methodology, its uses and potentials in business analytics.

Data Envelopment Analysis: Balanced Benchmarking

Data Envelopment Analysis: Balanced Benchmarking PDF Author: Wade D. Cook
Publisher:
ISBN: 9781492974796
Category : Data envelopment analysis
Languages : en
Pages : 308

Get Book Here

Book Description
The current book introduces the methodology of data envelopment analysis (DEA). DEA uses mathematical programming techniques and models to evaluate the performance of peer units (e.g., bank branches, hospitals and schools) in terms of multiple performance measures or metrics. These multiple performance measures are classified or coined as DEA inputs and DEA outputs. Although DEA has a strong link to production theory in economics, the tool is also used for benchmarking in operations management, where a set of measures is selected to benchmark the performance of manufacturing and service operations. In the circumstance of benchmarking, the efficient DMUs, as defined by DEA, may not necessarily form a "production frontier", but rather lead to a "best-practice frontier". DEA's empirical orientation and absence of a priori assumptions have resulted in its use in a number of studies involving efficient or best-practice frontier estimation in the nonprofit, regulated, and private sectors. DEA applications involve a wide range of contexts, such as education, health care, banking, armed forces, auditing, market research, retail outlets, organization effectiveness, transportation, public housing, and manufacturing. DEA is a balanced benchmarking tool that will help organizations to examine their assumptions about their productivity and performance. The book provides students, researchers, and practitioners with a solid understanding of the methodology, its uses and potentials in business analytics.

Quantitative Models for Performance Evaluation and Benchmarking

Quantitative Models for Performance Evaluation and Benchmarking PDF Author: Joe Zhu
Publisher: Springer
ISBN: 3319066471
Category : Business & Economics
Languages : en
Pages : 419

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Book Description
The author is one of the prominent researchers in the field of Data Envelopment Analysis (DEA), a powerful data analysis tool that can be used in performance evaluation and benchmarking. This book is based upon the author’s years of research and teaching experiences. It is difficult to evaluate an organization’s performance when multiple performance metrics are present. The difficulties are further enhanced when the relationships among the performance metrics are complex and involve unknown tradeoffs. This book introduces Data Envelopment Analysis (DEA) as a multiple-measure performance evaluation and benchmarking tool. The focus of performance evaluation and benchmarking is shifted from characterizing performance in terms of single measures to evaluating performance as a multidimensional systems perspective. Conventional and new DEA approaches are presented and discussed using Excel spreadsheets — one of the most effective ways to analyze and evaluate decision alternatives. The user can easily develop and customize new DEA models based upon these spreadsheets. DEA models and approaches are presented to deal with performance evaluation problems in a variety of contexts. For example, a context-dependent DEA measures the relative attractiveness of similar operations/processes/products. Sensitivity analysis techniques can be easily applied, and used to identify critical performance measures. Two-stage network efficiency models can be utilized to study performance of supply chain. DEA benchmarking models extend DEA’s ability in performance evaluation. Various cross efficiency approaches are presented to provide peer evaluation scores. This book also provides an easy-to-use DEA software — DEAFrontier. This DEAFrontier is an Add-In for Microsoft® Excel and provides a custom menu of DEA approaches. This version of DEAFrontier is for use with Excel 97-2013 under Windows and can solve up to 50 DMUs, subject to the capacity of Excel Solver. It is an extremely powerful tool that can assist decision-makers in benchmarking and analyzing complex operational performance issues in manufacturing organizations as well as evaluating processes in banking, retail, franchising, health care, public services and many other industries.

Quantitative Models for Performance Evaluation and Benchmarking

Quantitative Models for Performance Evaluation and Benchmarking PDF Author: Joe Zhu
Publisher:
ISBN: 9781402070822
Category : Benchmarking (Management)
Languages : en
Pages : 297

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Book Description


Data Envelopment Analysis with R

Data Envelopment Analysis with R PDF Author: Farhad Hosseinzadeh Lotfi
Publisher: Springer
ISBN: 3030242773
Category : Technology & Engineering
Languages : en
Pages : 236

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Book Description
This book introduces readers to the use of R codes for optimization problems. First, it provides the necessary background to understand data envelopment analysis (DEA), with a special emphasis on fuzzy DEA. It then describes DEA models, including fuzzy DEA models, and shows how to use them to solve optimization problems with R. Further, it discusses the main advantages of R in optimization problems, and provides R codes based on real-world data sets throughout. Offering a comprehensive review of DEA and fuzzy DEA models and the corresponding R codes, this practice-oriented reference guide is intended for masters and Ph.D. students in various disciplines, as well as practitioners and researchers.

Data Envelopment Analysis

Data Envelopment Analysis PDF Author: Joe Zhu
Publisher: Springer
ISBN: 1489975535
Category : Business & Economics
Languages : en
Pages : 472

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Book Description
This handbook represents a milestone in the progression of Data Envelopment Analysis (DEA). Written by experts who are often major contributors to DEA theory, it includes a collection of chapters that represent the current state-of-the-art in DEA research. Topics include distance functions and their value duals, cross-efficiency measures in DEA, integer DEA, weight restrictions and production trade-offs, facet analysis in DEA, scale elasticity, benchmarking and context-dependent DEA, fuzzy DEA, non-homogenous units, partial input-output relations, super efficiency, treatment of undesirable measures, translation invariance, stochastic nonparametric envelopment of data, and global frontier index. Focusing only on new models/approaches of DEA, the book includes contributions from Juan Aparicio, Mette Asmild, Yao Chen, Wade D. Cook, Juan Du, Rolf Färe, Julie Harrison, Raha Imanirad, Andrew Johnson, Chiang Kao, Abolfazl Keshvari, Timo Kuosmanen, Sungmook Lim, Wenbin Liu, Dimitri Margaritis, Reza Kazemi Matin, Ole B. Olesen, Jesus T. Pastor, Niels Chr. Petersen, Victor V. Podinovski, Paul Rouse, Antti Saastamoinen, Biresh K. Sahoo, Kaoru Tone, and Zhongbao Zhou.

Data Envelopment Analysis in the Financial Services Industry

Data Envelopment Analysis in the Financial Services Industry PDF Author: Joseph C. Paradi
Publisher: Springer
ISBN: 3319697250
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
This book presents the methodology and applications of Data Envelopment Analysis (DEA) in measuring productivity, efficiency and effectiveness in Financial Services firms such as banks, bank branches, stock markets, pension funds, mutual funds, insurance firms, credit unions, risk tolerance, and corporate failure prediction. Financial service DEA research includes banking; insurance businesses; hedge, pension and mutual funds; and credit unions. Significant business transactions among financial service organizations such as bank mergers and acquisitions and valuation of IPOs have also been the focus of DEA research. The book looks at the range of DEA uses for financial services by presenting prior studies, examining the current capabilities reflected in the most recent research, and projecting future new uses of DEA in finance related applications.

Analyzing Performance in Service Organizations

Analyzing Performance in Service Organizations PDF Author: H. David Sherman
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis

Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis PDF Author: Osman, Ibrahim H.
Publisher: IGI Global
ISBN: 1466644753
Category : Business & Economics
Languages : en
Pages : 773

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Book Description
Organizations can use the valuable tool of data envelopment analysis (DEA) to make informed decisions on developing successful strategies, setting specific goals, and identifying underperforming activities to improve the output or outcome of performance measurement. The Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis highlights the advantages of using DEA as a tool to improve business performance and identify sources of inefficiency in public and private organizations. These recently developed theories and applications of DEA will be useful for policymakers, managers, and practitioners in the areas of sustainable development of our society including environment, agriculture, finance, and higher education sectors.

Data Envelopment Analysis

Data Envelopment Analysis PDF Author: Joe Zhu
Publisher:
ISBN: 9781497591349
Category : Benchmarking (Management)
Languages : en
Pages : 182

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Book Description
The current book introduces the methodology of data envelopment analysis (DEA) as a data-oriented operations analytics. This data analysis tool analyzes multiple performance metrics, integrates multi-dimensional data into a composite index, and recommends directions for improvement. A number of DEA books have been written for conventional and new DEA models. Yet, many of these books still require fundamental and necessary knowledge on linear mathematical optimization. This book is uniquely designed to present the DEA methodology in an applied setting where a reader is not required to have the knowledge on linear programming and linear algebra.

Uncertainty in Data Envelopment Analysis

Uncertainty in Data Envelopment Analysis PDF Author: Farhad Hosseinzadeh Lotfi
Publisher: Elsevier
ISBN: 0323994458
Category : Computers
Languages : en
Pages : 348

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Book Description
Classical data envelopment analysis (DEA) models use crisp data to measure the inputs and outputs of a given system. In cases such as manufacturing systems, production processes, service systems, etc., the inputs and outputs may be complex and difficult to measure with classical DEA models. Crisp input and output data are fundamentally indispensable in the conventional DEA models. If these models contain complex uncertain data, then they will become more important and practical for decision makers.Uncertainty in Data Envelopment Analysis introduces methods to investigate uncertain data in DEA models, providing a deeper look into two types of uncertain DEA methods, fuzzy DEA and belief degree-based uncertainty DEA, which are based on uncertain measures. These models aim to solve problems encountered by classical data analysis in cases where the inputs and outputs of systems and processes are volatile and complex, making measurement difficult. Introduces methods to deal with uncertain data in DEA models, as a source of information and a reference book for researchers and engineers Presents DEA models that can be used for evaluating the outputs of many reallife systems in social and engineering subjects Provides fresh DEA models for efficiency evaluation from the perspective of imprecise data Applies the fuzzy set and uncertainty theories to DEA to produce a new method of dealing with the empirical data