The aim of this research was to measure the relative efficiency of forest management plans in north of Iran. In order to fulfill the research, data of 12 forest management plans were collected from the financial balance sheets of Shafaroud Forest Company during a ten years period. First of all, basic Data Envelopment Analysis (DEA) models (BCC and CCR) were used to determine the efficiency. The...

this paper deals with the problem of optimizing two-stage structure decision making units (dmus) where the activity and the performance of two-stage dmu in one period effect on its efficiency in the next period. to evaluate such systems the effect of activities in one period on ones in the next term must be considered. to do so, we propose a dynamic dea approach to measure the performance of su...

performance evaluation of universities is an important issue between researchers. classic data envelopment analysis (dea) models with deterministic data have been used by many authors to measure efficiency of universities in different countries. however, dea with stochastic data are, rarely used to measure efficiency of universities. in this paper, input oriented model in stochastic data envelo...

In this paper we determine the lowest cost strategy for a given payoff in Lévy markets where the pricing is based on the Esscher martingale measure. In particular, we consider Lévy models where the price process is driven by an NIGand a VG-process. Explicit solutions for cost-efficient strategies are derived for a variety of vanilla options, spreads, and forwards. Determination of efficient put...