Aparicio, Juan; Pastor, Jesus T.; Zofio, Jose L. - In: European Journal of Operational Research 229 (2013) 3, pp. 738-742
Apart from the well-known weaknesses of the standard Malmquist productivity index related to infeasibility and not accounting for slacks, already addressed in the literature, we identify a new and significant drawback of the Malmquist–Luenberger index decomposition that questions its validity...