A Distribution-Free Approach to Stochastic Efficiency Measurement with Inclusion of Expert Knowledge
Joint Authors
Paradi, Joseph C.
Yang, Zijiang
Khoo-Fazari, Kerry
Source
Journal of Applied Mathematics
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-21, 21 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-06-24
Country of Publication
Egypt
No. of Pages
21
Main Subjects
Abstract EN
This paper proposes a new efficiency benchmarking methodology that is capable of incorporating probability while still preserving the advantages of a distribution-free and nonparametric modeling technique.
This new technique developed in this paper will be known as the DEA-Chebyshev model.
The foundation of DEA-Chebyshev model is based on the model pioneered by Charnes, Cooper, and Rhodes in 1978 known as Data Envelopment Analysis (DEA).
The combination of normal DEA with DEA-Chebyshev frontier (DCF) can successfully provide a good framework for evaluation based on quantitative data and qualitative intellectual management knowledge.
The simulated dataset was tested on DEA-Chebyshev model.
It has been statistically shown that this model is effective in predicting a new frontier, whereby DEA efficient units can be further differentiated and ranked.
It is an improvement over other methods, as it is easily applied, practical, not computationally intensive, and easy to implement.
American Psychological Association (APA)
Khoo-Fazari, Kerry& Yang, Zijiang& Paradi, Joseph C.. 2013. A Distribution-Free Approach to Stochastic Efficiency Measurement with Inclusion of Expert Knowledge. Journal of Applied Mathematics،Vol. 2013, no. 2013, pp.1-21.
https://search.emarefa.net/detail/BIM-446437
Modern Language Association (MLA)
Khoo-Fazari, Kerry…[et al.]. A Distribution-Free Approach to Stochastic Efficiency Measurement with Inclusion of Expert Knowledge. Journal of Applied Mathematics No. 2013 (2013), pp.1-21.
https://search.emarefa.net/detail/BIM-446437
American Medical Association (AMA)
Khoo-Fazari, Kerry& Yang, Zijiang& Paradi, Joseph C.. A Distribution-Free Approach to Stochastic Efficiency Measurement with Inclusion of Expert Knowledge. Journal of Applied Mathematics. 2013. Vol. 2013, no. 2013, pp.1-21.
https://search.emarefa.net/detail/BIM-446437
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-446437