An overall profit Malmquist productivity index with fuzzy and interval data
Although crisp data are fundamentally indispensable for determining the profit Malmquist productivity index (MPI), the observed values in real-world problems are often imprecise or vague. These imprecise or vague data can be suitably characterized with fuzzy and interval methods. In this paper, we reformulate the conventional profit MPI problem as an imprecise data envelopment analysis (DEA) problem, and propose two novel methods for measuring the overall profit MPI when the inputs, outputs, and price vectors are fuzzy or vary in intervals. We develop a fuzzy version of the conventional MPI model by using a ranking method, and solve the model with a commercial off-the-shelf DEA software package. In addition, we define an interval for the overall profit MPI of each decision-making unit (DMU) and divide the DMUs into six groups according to the intervals obtained for their overall profit efficiency and MPIs. We also present two numerical examples to demonstrate the applicability of the two proposed models and exhibit the efficacy of the procedures and algorithms.
Citation : Emrouznejad, A., Rostamy-Malkhalifeh, M., Hatami-Marbini, A., Tavana, M. and Aghayi, N. (2011) An overall profit Malmquist productivity index with fuzzy and interval data. Mathematical and Computer Modelling, 54 (11-12), pp. 2827-2838
Research Institute : Centre for Enterprise and Innovation (CEI)
Peer Reviewed : Yes