Chambers, Robert G.; Hailu, Atakelty; Quiggin, John - Risk and Sustainable Management Group (RSMG), School of … - 2007
Most, if not all, production technologies are stochastic. This article demonstrates how data envelopment analysis (DEA) methods can be adapted to accommodate stochastic elements in a state-contingent setting. Specifically, we show how observations on a random input, not under the control of the...
