This paper describes the DEA-based investment strategy for constructing of a stock portfolio in the Croatian stock market. The relative efficiency of the DMUs, which are in this case the selected stocks from Zagreb Stock Exchange, is obtained from the output oriented CCR and BCC models. The set of inputs consists of risk measures, namely return variance, Value at Risk (VaR) and beta coefficient...

Despite the large uses of inverse DEA models, there is not any single application of inverse linear programming in DEA when the definition of inverse linear programming is taken under account. Thus the goal of this paper is applying the inverse linear programming into DEA field, and to provide a streamlined approach to DEA and Additive model. Having the entire efficient DMUs in DEA models is a...

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 mathematical programming formulation based technique that provides an efficient frontier to suggest an estimate of the relative efficiency of each decision making unit (DMU) in a problem set. DEA is developed around the concept of evaluating the efficiency of a decision alternative based on its performance of creating outputs in means of input consumption. B...

Proposed Method for Predicting COVID-19 Severity in Chronic Kidney Disease Patients Based on Ant Colony Algorithm and CHAID

Data envelopment analysis (DEA) has gained great popularity in environmental performance measurement because it can provide a synthetic standardized environmental performance index when pollutants are suitably incorporated into the traditional DEA framework. Past studies about the application of DEA to environmental performance measurement often follow the concept of radial efficiency measures....

Data Envelopment Analysis (DEA) is computationally intensive. This work answers conclusively questions about computational performance and scale limits of the standard LP-based procedures currently used. Examples of DEA problems with up to 15K entities are documented and it is not hard to imagine problem size increasing as new more sophisticated applications are found for DEA. This work reports...

Because of the unreasonable and unnecessary weight restriction assumption, a barely noticeable deficiency in pseudo-inefficiency occurs at times when applying a CCR model. The CCR was the first model designed for Data Envelopment Analysis (DEA); it remains its most popular model. To detect this type of unobvious deficiency, this study compared the following: the efficiency score and optimal wei...

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...