Directional Distance Functions and Rate-of-Return Regulation

Using Directional Distance Functions to Determine Ranking Ranges in Cross-efficiency Evaluations

Complete Closest-Target Based Directional FDH Measures of Efficiency in DEA

In this paper, we aim to overcome three major shortcomings of the FDH (Free Disposal Hull) directional distance function through developing two new, named Linear and Fractional CDFDH, complete FDH measures of efficiency. To accomplish this, we integrate the concepts of similarity and FDH directional distance function. We prove that the proposed measures are translation invariant and unit invari...

A Modified Directional Distance Formulation of DEA with Malmquist Index to Assess Bankruptcy

Bankruptcy in the same amount of time and history is very rampant and therefore the vision of the future can be prevented. Using data envelopment analysis (DEA) and malmquist index can precise evaluating of the performances of many different kinds of decision making units (DMU) such as hospitals, universities, business firms, etc. In this paper, we will modify directional distance formulation o...

Measurement of prot inefficiency in presence of interval data using the directional distance function

In many applied programs in real-life problems, both physical inputs and outputsare heterogeneous which in this case the ecient cost and income modelcan not apply to evaluate the cost and income of related turnover. So, a measurementbased on the directional value of prot was presented which we havedeveloped it in this paper and have computed it for interval data. In fact, wehave measured the in...

PRICING STOCKS BY USING FUZZY DIVIDEND DISCOUNT MODELS

Although the classical dividend discount model (DDM) is a wellknown and widely used model in evaluating the intrinsic price of common stock, the practical pattern of dividends, required rate of return or growth rate of dividend do not generally coincide with any of the model’s assumptions. It is just the opportunity to develop a fuzzy logic system that takes these vague parameters into account....