Unlocking Efficiency Secrets: DEA Model Reveals Top Performers in Pharma and States
The article discusses how a model called Data Envelopment Analysis (DEA) is used to compare the efficiency of different decision-making units in specific industries and regions. The researchers applied DEA to analyze the performance of Pharmaceutical Industries and Indian states. By using a mathematical model, they identified the most efficient units and areas for improvement. The results show the efficiency levels of all units and suggest ways for them to become more effective.