Capital budgeting: A data envelopment analysis approach

Budget allocation is a common task carried in our daily life. As it seems to be necessary to perform this task in an ideal manner this paper mainly deals with budget allocation problem. The main key feature of this work is that it uses a mathematical programming technique Data Envelopment Analysis (DEA) for formulating a proper model for capital budget allocation. This formulation is based on the efficiency of organizations the required inputs and the expected outputs from performing new projects. Another key feature of this model is that it has the ability to incorporate both type of qualitative and quantitative data to better reveal the reality of situations A