Data Envelopment Analysis (DEA) is a widely used technique for measuring the relative efficiencies of homogenous Decision Making Units (DMUs) with multiple inputs and multiple outputs. These factors may be evaluated in fuzzy or stochastic environment. Hence, the classic structures of DEA model may be changed where in two fold fuzzy stochastic environment. For instances, linearity, feasibility a...

the main objectives of this paper are measuring the technical efficiency of iranian thermal power plants and investigating the determinants of technical efficiency levels in these plants. stochastic nonparametric envelopment data (stoned) method applied to plant-level data over a period of thirteen years from 1999 to 2011. this is the first comprehensive analysis (to our knowledge) of technical...

In this study, we use Stochastic Frontier analysis approach to estimate cost efficiency, economies of scale, and technological progress among Iranian banks from 1999 to 2012. The results show that there is a marked difference in cost efficiency before and after the recent financial sanctions against Iranian banking industry. Moreover, the results indicate that specialized government-owned banks...

A new computational method based on Wilson wavelets is proposed for solving a class of nonlinear stochastic It^{o}-Volterra integral equations. To do this a new stochastic operational matrix of It^{o} integration for Wilson wavelets is obtained. Block pulse functions (BPFs) and collocation method are used to generate a process to forming this matrix. Using these basis functions and their operat...

This paper analyzes empirical income distributions and proposes a simple stochastic model to explain the stationary distribution and deviations from it. Using the individual tax returns data in the U.S. and Japan for 40 years, we first summarize the shape of income distribution by an exponential decay up to about the 90th percentile of income and a power decay for the top 1 percent. We then pro...

We consider an environment in which agents’ skills are private information and follow arbitrary stochastic processes. We prove that it is typically Pareto optimal for an individual’s marginal benefit of investing in capital to exceed his marginal cost of doing so. This wedge is consistent with a positive tax on capital income. We also prove that it is Pareto optimal for the marginal rate of sub...

Stochastic simulations are able to capture the fine grain behaviour and randomness of outcome of biological networks not captured by deterministic techniques. As such they are becoming an increasingly important tool in the biological community. However, current efforts in the stochastic simulation of biological networks are hampered by two main problems: firstly the lack of complete knowledge o...

    Background: Assessment of hospitals’ performance in achieving its goals is a basic necessity. Measuring the efficiency of hospitals in order to boost resource productivity in healthcare organizations is extremely important. The aim of this study was to measure technical efficiency and determining status of resource allocation in some university hospitals, in Tehran, Iran.   Methods : This s...