The fields of engineering and management associate efficiency with how well a relevant action is performed, i.e. ‘‘doing things right’’, and effectiveness with selecting the best action, i.e. ‘‘doing the right thing’’. Thus, a firm is effective if identifies appropriate strategic goals, and efficient if it achieves them with minimal resources. This chapter focuses on operational efficiency, or ...

Shannon’s theory of information stands on a probabilistic representation of events that convey information, e.g., sending messages over a communication channel. Kolmogorov argues that information is a more fundamental concept which exists also in problems with no underlying stochastic model, for instance, the information contained in an algorithm or in the genome. In a classic paper he defines ...

The cross efficiency evaluation is used to performance measurement of decision making units in data envelopment analysis concept. One of the most important shortcoming of this method is existing alternative optimal solution and therefore, the efficiency scores are not unique. We are going to summarize the pervious models proposed by researchers and suggest an alternative secondary goal approach...

The correlated models are introduced in this article regarding revenue efficiency and profit efficiency in dynamic network production systems. The proposed models are not only applicable in measuring efficiency of divisional, periodical and overall efficiencies, but recognizing the exact sources of inefficiency with respect to revenue and profit efficiencies. Two numerical examples, consisting ...

Efficiency evaluation of units has been of interest since many years in different domains such as management, economy, business, banking, and many others. Data envelopment analysis is one of the popular operations research methods for measuring the relative efficiency of units, which use multiple inputs to produce multiple outputs. As we know, universities play a key role in many aspects of a c...

In this paper, we investigate the existence of Pareto and weak Pareto equilibria for multiobjective games without compactness. By employing an existence theorem of Pareto equilibria due to Yu and Yuan([10]), several existence theorems of Pareto and weak Pareto equilibria for the multiobjective games are established in a similar way to Flores-Bázan([4]).