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dc.contributor.authorShiraz, R. K.en
dc.contributor.authorHatami-Marbini, A.en
dc.contributor.authorEmrouznejad, A.en
dc.contributor.authorFukuyama, H.en
dc.date.accessioned2018-02-20T14:59:47Z
dc.date.available2018-02-20T14:59:47Z
dc.date.issued2018-02-20
dc.identifier.citationShiraz, R.K., Hatami-Marbini, A., Emrouznejad, A. and Fukuyama, H. (2018) Chance-constrained cost efficiency in data envelopment analysis model with random inputs and outputs, Operational Research an International Journal,en
dc.identifier.issn1109-2858
dc.identifier.urihttp://hdl.handle.net/2086/15254
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI linken
dc.description.abstractData envelopment analysis (DEA) is a well-known non-parametric technique primarily used to estimate radial efficiency under a set of mild assumptions regarding the production possibility set and the production function. The technical efficiency measure can be complemented with a consistent radial metrics for cost, revenue and profit efficiency in DEA, but only for the setting with known input and output prices. In many real applications of performance measurement, such as the evaluation of utilities, banks and supply chain operations, the input and/or output data are often stochastic and linked to exogenous random variables. It is known from standard results in stochastic programming that rankings of stochastic functions are biased if expected values are used for key parameters. In this paper, we propose economic efficiency measures for stochastic data with known input and output prices. We transform the stochastic economic efficiency models into a deterministic equivalent non-linear form that can be simplified to a deterministic programming with quadratic constraints. An application for a cost minimizing planning problem of a state government in the US is presented to illustrate the applicability of the proposed framework.en
dc.language.isoenen
dc.publisherSpringeren
dc.subjectData envelopment analysisen
dc.subjectWeight restrictionsen
dc.subjectRandom input–outputen
dc.subjectCost efficiencyen
dc.subjectQuadratic programmingen
dc.titleChance-constrained cost efficiency in data envelopment analysis model with random inputs and outputsen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1007/s12351-018-0378-1
dc.peerreviewedYesen
dc.funder"N/A"en
dc.projectid"N/A"en
dc.cclicenceCC-BY-NCen
dc.date.acceptance2018-01-22en
dc.researchinstituteCentre for Enterprise and Innovation (CEI)en


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