Decision Sciences
5 years ago

New method ensures accurate decision-making in data analysis for efficiency.

2019 2nd International Conference on Power Energy, Environment and Intelligent Control (PEEIC)
Examine robustness of efficiency scores on account of data variation in Data Envelopment Analysis (DEA)
Ranjana Yadav, Anuradha Mishra, Shubham Gupta, Jay Singh

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The article examines how stable efficiency scores are in Data Envelopment Analysis when data changes. A new method is used to measure the stability of decision-making units' efficiency while data varies. By calculating the allowable percentage change in data, the researchers can determine how much data can fluctuate while still maintaining efficiency. The study shows that this modified technique can help in making more reliable decisions when analyzing efficiency.