Data envelopment analysis (DEA) is a methodology for evaluating the efficiencies of decision-making units (DMUs), with each unit having its own set of inputs and outputs. However, there are situations where the DMUs can be interdependent. The authors in previous papers examine the case of a...

This paper presents a new approach to the classical multiyear capital budgeting problem. Three basic operational principles, arising out of an actual implementation of such a model, are specifically addressed in this approach. These principles are: (1) all budgets except that of the first year...

In many settings, systems are composed of a group of independent sub-units. Each sub-unit produces the same set of outputs by consuming the same set of inputs. Conventional data envelopment analysis (DEA) views such a system as a "black-box", and uses the sum of the respective inputs and outputs...