The data envelopment analysis (DEA) is an optimization based technique that has been proposed by Charnes, Cooper and Rhodes (1978) to measure the relative efficiency of public sector activities and no profit organizations, such as for example educational institutions and health services. The DEA efficiency measure is computed by solving a fractional linear programming model that can be converte...

In this paper we apply data envelopment analysis (DEA) to evaluate the performance of hedge fund classifications. The purpose of alternative investment strategies such as hedge funds is to offer absolute returns, so using passive benchmarks to measure their performance could be ineffective. With the increasing number of hedge funds available, institutional investors, pension funds, and high net...

Data envelopment analysis (DEA) is a mathematical programming technique for identifying efficiency scores of decision making units (DMUs). Since DEA models cannot present efficient frontiers of PPS, in order to do this, we introduce a method for identifying efficient frontier for DMUs with interval data.

A technique used to assess relative performance in a multiple input–output framework is data envelopment analysis (DEA). In basic DEA models, an entitymay show its best performanceby selecting input and output factor weights different from those selected by the other entities in thesample. Hence, when usingbasic DEAmodels, divergence of weighting schemesacross the assessedentitiescannot beruled...

Data envelopment analysis (DEA) is a well-Known method in efficiency evaluation of a set of decision making units (DMUs) such as organizations and banks. An advantage of DEA technique is selection of weights at random. Weight selection is of crucial importance in efficiency evaluation. In this regard, it is important to employ models that have more freedom in selecting weights. One such model i...

data envelopment analysis (dea) is a technique used to compare efficiency in various sectors such as hospitals, chain stores, and dealerships. it represents a set of linear programming techniques and uses deter-ministic data (inputs and outputs), in stable conditions. the dea technique cannot be used when there is data with indeterministic nature, or when there is an environment with dynamic co...

INCREASINGLY, their use of resources IBRARIES A R E ASKED T O JUSTIFY in terms of producing meaningful services and impacts to the users and the parent organizations. This study applied an analytical technique called Data Envelopment Analysis (DEA) to calculate the relative technical efficiency of ninety-five academic research libraries that are members of the Association of Research Libraries....

In this paper we propose a new technique for incorporating environmental effects and statistical noise into a producer performance evaluation based on data envelopment analysis (DEA). The technique involves a three-stage analysis. In the first stage, DEA is applied to outputs and inputs only, to obtain initial measures of producer performance. In the second stage, stochastic frontier analysis (...

DEA is a non-parametric and linear programming based technique that attempts to maximize a decision making unit’s (DMUs) relative efficiency, expressed as a ratio of outputs to inputs, by comparing a particular unit’s efficiency with the performance of a group of similar DMUs that are delivering the same service. The traditional DEA models treat DMUs as black boxes whose internal structure is i...

Data envelopment analysis (DEA) is a technique that takes account of multiple inputs and outputs to assess the relative efficiency of organisational units. Unlike regression its assessments are not based on any average but on best observed practice (and weighted combinations thereof). Whilst DEA has seen an explosive growth in its application to various fields, it has rarely been applied to the...