Efficiency in the mutual fund (MF), is one of the issues that has attracted many investors in countries with advanced financial market for many years. Due to the need for frequent study of MF’s efficiency in short-term periods, investors need a method that not only has high accuracy, but also high speed. Data envelopment analysis (DEA) is proven to be one of the most widely used methods in the ...

Data envelopment analysis (DEA) is a technique for performance evaluation of peer decision making units (DMUs). The network DEA models study the internal structures of DMUs. Using two-stage network structures as an example, the current paper examines additive efficiency decomposition where the overall efficiency is defined as a weighted average of stage efficiencies and the weights are used to ...

Data envelopment analysis (DEA) is a non-parametric approach for measuring the efficiency of decision making units (DMUs) that use multiple inputs in order to produce multiple outputs. In most real applications, DMUs have a two-stage network process which can be used for management of organizations such as hospitals, insurance companies, banks, and etc. The data are crisp in the standard DEA mo...

Changes in productivity due to technological progress or regress are incorporated in models of data envelopment analysis (DEA) in two ways: either through a network technology or in terms of a capacity variable or capital input embodying technical progress. The second way is analyzed here in terms of time-varying capital inputs due to the changes in input prices over time. This provides an opti...

In this paper, new Network Data Envelopment Analysis (NDEA) models are developed to evaluate the efficiency of regional electricity power networks. The primary objective of this paper is to consider perturbation in data and develop new NDEA models based on the adaptation of robust optimization methodology. Furthermore, in this paper, the efficiency of the entire networks of electricity power, i...

Healthcare is a critical and costly industry. In the U.S. a significant component of healthcare costs are expenses generated in hospitals. This paper reports the results of analyzing 607 U.S. hospitals between 2006-2009 using a dynamic network slack-based Data Envelopment Analysis (DEA) Model. We find accounting for the dynamic and network structure of the hospital lowers efficiency estimates. ...

The paper presents results of computer-assisted portfolio management simulation based on using a DEACascor mathematical model. The model uses the Data Envelopment Analysis (DEA) ratio as a neuron with memory and combines it with Cascade Correlation Neural Network (Cascor) to forecast stock prices. The model is designed for using in high-frequency stock trading. It utilizes ability of DEA to con...

Electricity distribution network is a prime example of a natural local monopoly. In many countries, electricity distribution firms are regulated by the government. In Finland, the regulator estimates the efficient cost frontier using the data envelopment analysis (DEA) and stochastic frontier analysis (SFA) methods. This paper reports the main results of the research project commissioned by the...