Integrated efficiency and trade-off analyses using a DEA-oriented interactive minimax reference point approach

Jian Bo Yang; Dong Ling Xu; Shanlin Yang

doi:10.1016/j.cor.2011.07.001

Integrated efficiency and trade-off analyses using a DEA-oriented interactive minimax reference point approach

Jian Bo Yang, Dong Ling Xu, Shanlin Yang

Research output: Contribution to journal › Article › peer-review

Abstract

A DEA-oriented Interactive Minimax Reference Point (DEA-IMRP) approach was recently developed to support integrated performance assessment and target setting for consistent management control and planning. To conduct the Integrated Efficiency and Trade-off (IET) analyses using the DEA-IMRP approach, it is important to understand the characteristics of the efficiency frontier and interactive trade-off analysis process. In this paper, the features of the IET analyses are investigated in detail. Graphical and analytical methods and procedures are explored for generating and analysing data envelopes and efficient frontiers for multiple input and multiple output DEA models using the DEA-IMRP approach. This computational investigation generates useful insights into the IET analyses and leads to the definition of new efficiency measures, which are instrumental to help conduct trade-off analysis for setting realistic performance targets. A numerical example is studied to illustrate the findings graphically. A case study for UK retail banks is conducted using the new methods and procedures investigated in this paper. © 2011 Elsevier Ltd. All rights reserved.

Original language	English
Pages (from-to)	1062-1073
Number of pages	11
Journal	Computers and Operations Research
Volume	39
Issue number	5
DOIs	https://doi.org/10.1016/j.cor.2011.07.001
Publication status	Published - May 2012

Keywords

Data envelopment analysis
Efficient frontier
Minimax method
Multiple objective linear programming
Performance assessment

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10.1016/j.cor.2011.07.001

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title = "Integrated efficiency and trade-off analyses using a DEA-oriented interactive minimax reference point approach",

abstract = "A DEA-oriented Interactive Minimax Reference Point (DEA-IMRP) approach was recently developed to support integrated performance assessment and target setting for consistent management control and planning. To conduct the Integrated Efficiency and Trade-off (IET) analyses using the DEA-IMRP approach, it is important to understand the characteristics of the efficiency frontier and interactive trade-off analysis process. In this paper, the features of the IET analyses are investigated in detail. Graphical and analytical methods and procedures are explored for generating and analysing data envelopes and efficient frontiers for multiple input and multiple output DEA models using the DEA-IMRP approach. This computational investigation generates useful insights into the IET analyses and leads to the definition of new efficiency measures, which are instrumental to help conduct trade-off analysis for setting realistic performance targets. A numerical example is studied to illustrate the findings graphically. A case study for UK retail banks is conducted using the new methods and procedures investigated in this paper. {\textcopyright} 2011 Elsevier Ltd. All rights reserved.",

keywords = "Data envelopment analysis, Efficient frontier, Minimax method, Multiple objective linear programming, Performance assessment",

author = "Yang, {Jian Bo} and Xu, {Dong Ling} and Shanlin Yang",

year = "2012",

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doi = "10.1016/j.cor.2011.07.001",

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AU - Yang, Jian Bo

AU - Xu, Dong Ling

AU - Yang, Shanlin

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N2 - A DEA-oriented Interactive Minimax Reference Point (DEA-IMRP) approach was recently developed to support integrated performance assessment and target setting for consistent management control and planning. To conduct the Integrated Efficiency and Trade-off (IET) analyses using the DEA-IMRP approach, it is important to understand the characteristics of the efficiency frontier and interactive trade-off analysis process. In this paper, the features of the IET analyses are investigated in detail. Graphical and analytical methods and procedures are explored for generating and analysing data envelopes and efficient frontiers for multiple input and multiple output DEA models using the DEA-IMRP approach. This computational investigation generates useful insights into the IET analyses and leads to the definition of new efficiency measures, which are instrumental to help conduct trade-off analysis for setting realistic performance targets. A numerical example is studied to illustrate the findings graphically. A case study for UK retail banks is conducted using the new methods and procedures investigated in this paper. © 2011 Elsevier Ltd. All rights reserved.

AB - A DEA-oriented Interactive Minimax Reference Point (DEA-IMRP) approach was recently developed to support integrated performance assessment and target setting for consistent management control and planning. To conduct the Integrated Efficiency and Trade-off (IET) analyses using the DEA-IMRP approach, it is important to understand the characteristics of the efficiency frontier and interactive trade-off analysis process. In this paper, the features of the IET analyses are investigated in detail. Graphical and analytical methods and procedures are explored for generating and analysing data envelopes and efficient frontiers for multiple input and multiple output DEA models using the DEA-IMRP approach. This computational investigation generates useful insights into the IET analyses and leads to the definition of new efficiency measures, which are instrumental to help conduct trade-off analysis for setting realistic performance targets. A numerical example is studied to illustrate the findings graphically. A case study for UK retail banks is conducted using the new methods and procedures investigated in this paper. © 2011 Elsevier Ltd. All rights reserved.

KW - Data envelopment analysis

KW - Efficient frontier

KW - Minimax method

KW - Multiple objective linear programming

KW - Performance assessment

U2 - 10.1016/j.cor.2011.07.001

DO - 10.1016/j.cor.2011.07.001

M3 - Article

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EP - 1073

JO - Computers and Operations Research

JF - Computers and Operations Research

IS - 5

ER -

Integrated efficiency and trade-off analyses using a DEA-oriented interactive minimax reference point approach

Abstract

Keywords

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