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Multi-criteria production theory (MCPT) is a generalization of traditional production theories which has been developed in order to integrate concerns of modern management science and economics, in particular sustainability and environmental protection. Such as traditional production theory lays...
Persistent link: https://www.econbiz.de/10012931782
After 40 years of research with thousands of application-oriented scientific papers, empirical evidence that data envelopment analysis (DEA) has really improved the practice of performance measurement and benchmarking in real-life non-production contexts is rare. The main reason for this deficit...
Persistent link: https://www.econbiz.de/10012256310
Decision-based production theory is a generalization of traditional production theories developed in order to integrate concerns of modern management science and economics, such as sustainability and environmental protection. The main idea is the distinction of technologically determined inputs...
Persistent link: https://www.econbiz.de/10012967470
Cone ratios, assurance regions and similar data envelopment analysis (DEA) approaches measuring the efficiency of decision making units (DMU) restrict their ability to “show themselves in the most favorable light”. Indeed they limit the relations or the multipliers of inputs and outputs as...
Persistent link: https://www.econbiz.de/10014041713