Data envelopment analysis with ratio data: Challenges and opportunities

Date

2019-06-28

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DOI

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Conference

Peer reviewed

Yes

Abstract

Data envelopment analysis (DEA) is a well-established technique for performance measurement, which has been regularly applied to both for-profit and not-for-profit organisations to significantly streamline performance management processes. The performance analysis, which aims to scrutinise the processes and operations of a system, does not succeed unless DEA models provide decision-makers with the reliable results. Although many case studies in DEA build on ratio measures to reflect and analyse the performance regardless of awareness of plausible problems exhibited through implementation of DEA models. We argue that the current model in the literature is likely to fail and be unable to function properly. This work is restricted to situations in which numerators and denominators of ratio data are available. In addition, we highlight the emerging opportunities for performance assessment with ratio data.

Description

Keywords

Data Envelopment Analysis, Ratio data

Citation

Hatami-Marbini, A., Toloo, M. (2019) Data envelopment analysis with ratio data: Challenges and opportunities. Data Envelopment Analysis International Conference 2019 DEAIC2019 (Data-driven Analytics), University of Kent, Canterbury, UK, June 2019.

Rights

Research Institute

Centre for Enterprise and Innovation (CEI)