TY - JOUR
T1 - DECISION-MAKING AND PRODUCTIVITY MEASUREMENT
AU - Khezrimotlagh, Dariush
N1 - Publisher Copyright:
© 2020 Emerald Publishing Limited All rights of reproduction in any form reserved.
PY - 2020
Y1 - 2020
N2 - In this chapter, the concepts of technical efficiency, efficiency, effectiveness, and productivity are illustrated. It is discussed that when firms are not homogeneous, the situation is the same as when each factor has a different unit of measurement from one firm to another, and therefore, no meaningful discrimination can be expressed, unless a set of known weights are introduced to standardize data. A linear programming data envelopment analysis model is used when a set of known weights are given to calculate the technical efficiency and efficiency of a set of homogeneous DMUs with multiple input factors and output factors. A numerical example is also provided.
AB - In this chapter, the concepts of technical efficiency, efficiency, effectiveness, and productivity are illustrated. It is discussed that when firms are not homogeneous, the situation is the same as when each factor has a different unit of measurement from one firm to another, and therefore, no meaningful discrimination can be expressed, unless a set of known weights are introduced to standardize data. A linear programming data envelopment analysis model is used when a set of known weights are given to calculate the technical efficiency and efficiency of a set of homogeneous DMUs with multiple input factors and output factors. A numerical example is also provided.
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U2 - 10.1108/S0276-897620200000020013
DO - 10.1108/S0276-897620200000020013
M3 - Article
AN - SCOPUS:85140656424
SN - 0276-8976
VL - 20
SP - 165
EP - 185
JO - Applications of Management Science
JF - Applications of Management Science
ER -