Title
A new bi-level data envelopment analysis model for efficiency measurement and target setting
Document Type
Article
Publication Date
12-1-2019
DOI
10.1016/j.measurement.2019.106877
Abstract
Data envelopment analysis (DEA) is a well-known and widely used method for performance evaluation in a set of homogeneous units. We propose a new bi-level DEA model for efficiency measurement and target setting. The fundamental novelty of the proposed model is threefold. We: (1) set both efficiency and profit concurrently as targets; (2) limit the amount of changes in the inputs and outputs to prevent unachievable targets; and (3) predict some targets for efficient units beyond the inefficient ones. We present a case study in the banking industry to demonstrate the efficacy of efficiency measurement and target setting in the proposed models.
Language
English
Recommended Citation
Hajiagha, Seyed Hossein Razavi; Mahdiraji, Hannan Amoozad; and Tavana, Madjid, "A new bi-level data envelopment analysis model for efficiency measurement and target setting" (2019). Business Systems and Analytics Faculty Work. 66.
https://digitalcommons.lasalle.edu/bsa_faculty/66
Comments
Razavi Hajiagha, S.H., Amoozad Mahdiraji, H. and Tavana, M. (2019) ‘A New Bi-Level Data Envelopment Analysis Model for Efficiency Measurement and Target Setting,’ Measurement, Vol. 147.