How to select an epsilon to apply Kourosh and Arash model in data envelopment analysis
This paper demonstrates how an appropriate epsilon value can be selected when Kourosh and Arash Model (KAM) is applied in order to estimate production frontiers as well as simultaneously rank and benchmark Decision Making Units (DMUs). KAM was recently proposed to improve the capabilities of Data En...
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| Main Author: | |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/13604/1/HOW_TO_SELECT_AN_EPSILON.pdf http://eprints.um.edu.my/13604/ |
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| Institution: | Universiti Malaya |
| Language: | English |
| Summary: | This paper demonstrates how an appropriate epsilon value can be selected when Kourosh and Arash Model (KAM) is applied in order to estimate production frontiers as well as simultaneously rank and benchmark Decision Making Units (DMUs). KAM was recently proposed to improve the capabilities of Data Envelopment Analysis (DEA) in order to measure the performance evaluation of homogenous DMUs inclusive real and integer values. The paper also illustrates that the selection of epsilon is logically allowed even if the DMUs’ data are exact. A non-linear programming model is also proposed to find the optimum value of score while a DMU is under evaluation. |
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