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Data envelopment analysis (DEA) works like a black box that does not provide any adequate detail to identify the specific reason for inefficiency in decision-making units (DMUs). The motivation of this study is to analyze the cause of the…

Optimization and Control · Mathematics 2022-06-06 Awadh Pratap Singh , Shiv Prasad Yadav

Sufficient numbers of Decision Making Units (DMUs) in comparison with the number of input and output variables has been a concern of using Data Envelopment Analysis (DEA) in the last three decades. There are several studies in the…

Optimization and Control · Mathematics 2015-03-17 Dariush Khezrimotlagh

Data Envelopment Analysis (DEA) is a technique used to measure the efficiency of decision-making units (DMUs). In order to measure the efficiency of DMUs, the essential requirement is input-output data. Data is usually collected by humans,…

Artificial Intelligence · Computer Science 2022-08-05 Anjali Sonkariya , Awadh Pratap Singh , Shiv Prasad Yadav

Decision-making units (DMUs) in a group convert the same resources (i.e., input indices) into the same products (i.e., output indices) at different scales. Performance indices have different measurement units, and their market prices per…

Optimization and Control · Mathematics 2023-06-21 Fun-Hwa Franklin Liu , Su-Chuan Shih

Investment style groups investment approaches to predict portfolio return variations. This study examines the relationship between investment style, style consistency, and risk-adjusted returns of Indian equity mutual funds. The methodology…

General Finance · Quantitative Finance 2025-10-23 Rajesh ADJ Jeyaprakash , Senthil Arasu Balasubramanian , Vijay Maddikera

In a context of global economy, addressing SMEs performance within a local framework appears rather a naive approach. The key drawback of such an approach stems from its restriction to socio-economic factors that might lead to biased…

Optimization and Control · Mathematics 2021-04-22 Amar Oukil

Data Envelopment Analysis (DEA) is extended to the evaluation of performance of organizations within the framework of the implementation of plans for improvements that set management goals. Managers usually set goals without having any…

Optimization and Control · Mathematics 2019-09-06 José L. Ruiz , Inmaculada Sirvent

Assessing the technical efficiency of a set of observations requires that the associated data composed of inputs and outputs are perfectly known. If this is not the case, then biased estimates will likely be obtained. Data Envelopment…

Methodology · Statistics 2021-04-21 Diogo Cunha Ferreira , Josè RUi Figueira , Salvatore Greco , Rui Marques

Data Envelopment Analysis (DEA) as mathematical models evaluates the technical efficiency of Decision Making Units (DMU) having multiple inputs and multiple outputs. Researchers are interested in applying DEA models in Multi Attribute…

Optimization and Control · Mathematics 2015-08-26 Majid Zerafat Angiz L. , Mohd Kamal Nawawi , Mohammad Ghadiri , Adli Mustafa

Incentive plans involve payments for performance relative to some set of goals. In this paper, we extend Data Envelopment Analysis (DEA) to the evaluation of performance in the specific context of pay-for-performance incentive plans. The…

Optimization and Control · Mathematics 2019-09-06 Wade D. Cook , Nuria Ramón , José L. Ruiz , Inmaculada Sirvent , Joe Zhu

We propose an approach for dynamic efficiency evaluation across multiple organizational dimensions using data envelopment analysis (DEA). The method generates both dimension-specific and aggregate efficiency scores, incorporates desirable…

Optimization and Control · Mathematics 2026-04-07 Hashem Omrani , Raha Imanirad , Adam Diamant , Utkarsh Verma , Amol Verma , Fahad Razak

Data Envelopment Analysis (DEA) is a multi-criteria technique based on linear programming to deal with many real-life problems, mostly in nonprofit organizations. The slacks-based measure (SBM) model is one of the DEA model used to assess…

Optimization and Control · Mathematics 2021-02-04 Deepak Mahla , Shivi Agarwal

Data Envelopment Analysis (DEA) is widely used as a benchmarking tool for improving performance of organizations. For that purpose, DEA analyses provide information on both target setting and peer identification. However, the identification…

Optimization and Control · Mathematics 2020-01-20 José L. Ruiz , Inmaculada Sirvent

The objective of this paper is to evaluate the performance of decision-making units (DMUs) using a hybrid fuzzy multi-objective (FMO) data envelopment analysis (DEA) approach. This study develops fuzzy multi-objective optimistic (FMOO) and…

Optimization and Control · Mathematics 2022-02-04 Awadh Pratap Singh , Shiv Prasad Yadav

Data Envelopment Analysis (DEA) appears more than just an instrument of measurement. DEA models can be seen as a mathematical structure for democratic voicing within decisional contexts. Such an important aspect of DEA is enhanced through…

Computers and Society · Computer Science 2021-05-14 Amar Oukil

We propose a novel approach for analysis of the composition of an equity mutual fund based on the time series decomposition of the price movements of the individual stocks of the fund. The proposed scheme can be applied to check whether the…

Statistical Finance · Quantitative Finance 2017-06-27 Jaydip Sen , Tamal Datta Chaudhuri

Emerging markets such as India provide investors with returns far greater than those in developed markets; taking the average returns from the period 1995 to 2014 the returns are 4.714% to 3.276% of the developed market. The majority of…

General Finance · Quantitative Finance 2022-07-28 Ganapathy G Gangadharan , N. Suresh

The banking industry is very important for an economic cycle of each country and provides some quality of services for us. With the advancement in technology and rapidly increasing of the complexity of the business environment, it has…

Machine Learning · Computer Science 2018-10-15 Sara Hosseinzadeh Kassani , Peyman Hosseinzadeh Kassani , Seyed Esmaeel Najafi

Evaluating the efficiency of organizations and branches within an organization is a challenging issue for managers. Evaluation criteria allow organizations to rank their internal units, identify their position concerning their competitors,…

Optimization and Control · Mathematics 2022-09-13 Vahid Kayvanfar , Hamed Baziyad , Shaya Sheikh , Frank Werner

This article presents a Benchmarking methodology to support decision-making for international market selection (IMS). In order to do so, we will be using an output-oriented Data Envelopment Analysis (DEA) model. This methodology considers…

Statistical Finance · Quantitative Finance 2021-10-08 Safa El Kefi
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