Recently the concept of facility efficiency, which defined by data envelopment analysis (DEA), introduced as a location modeling objective, that provides facilities location’s effect on their performance in serving demands. By combining the DEA models with the location problem, two types of “efficiencies” are optimized: spatial efficiency which measured by finding the least cost location and al...

In this paper we determine lowest cost strategies for given payoff distributions called cost-efficient strategies in multivariate exponential Lévy models where the pricing is based on the multivariate Esscher martingale measure. This extended framework allows to deal with dependent price processes as arising in typical applications. Dependence of the components of the Lévy Process implies an in...

The efficiency literature, both using parametric and non-parametric methods, has been focusing mainly on cost efficiency analysis rather than on profit efficiency. In for-profit organisations, however, the measurement of profit efficiency and its decomposition into technical and allocative efficiency is particularly relevant. In this paper a newly developed method is used to measure profit effi...

magnetic levitation (maglev) is amongst the most advanced technologies that are available to the transportation industries. it has already been noticed by decision makers in many countries around the globe. contrary to such high levels of interest, there are no practical algorithms available to the engineers and/or managers to assist them in analyzing economics of the maglev systems. therefore,...

General cost for CNC machining and the associated energy cost are set in the context of making economic and environmental improvements. This creates an incentive for manufacturing companies to investigate the energy efficiency of manufacturing processes. The paper presents a costing model, based on machining experiments. The model is accompanied with an industry based case to estimate the cost ...

Data envelopment analysis (DEA) is a method for evaluating the relative efficiency of a set of firms in a production process. Estimation of cost efficiency is one of the branches of performance evaluation. Cost efficiency evaluates the ability of producing current output with minimum available cost. Now let's assume that there are several groups of firms that operate separately and have differe...

recently the concept of facility efficiency, which defined by data envelopment analysis (dea), introduced as a location modeling objective, that provides facilities location’s effect on their performance in serving demands. by combining the dea models with the location problem, two types of “efficiencies” are optimized: spatial efficiency which measured by finding the least cost location and al...

the present study is an attempt towards remodeling cost, revenue and profit relationship within the network process. the previous models of data envelopment analysis (dea) have been too general in their scope and focused on the input and the output within a black box system, therefore they have not been able to measure various phases simultaneously within a network system. by using these models...

In runtime enforcement of security policies, the classic requirements on monitors in order to enforce a security policy are soundness and transparency. However, there are many monitors that successfully pass this specification but they differ in complexity of both their implementation and the output they produce. In order to distinguish and compare these monitors we propose to associate cost wi...