Resource allocation based on cost efficiency
In this paper, we consider a resource allocation (RA) problem and develop an approach based on cost (overall) efficiency. The aim is to allocate some inputs among decision making units (DMUs) in such way that their cost efficiencies improve or stay unchanged after RA. We formulate a multi-objective...
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| Veröffentlicht in: | The Journal of the Operational Research Society 2017-10, Vol.68 (10), p.1279-1289 |
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| container_title | The Journal of the Operational Research Society |
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| creator | Dehnokhalaji, Akram Ghiyasi, Mojtaba Korhonen, Pekka |
| description | In this paper, we consider a resource allocation (RA) problem and develop an approach based on cost (overall) efficiency. The aim is to allocate some inputs among decision making units (DMUs) in such way that their cost efficiencies improve or stay unchanged after RA. We formulate a multi-objective linear programming problem using two different strategies. First, we propose an RA model which keeps the cost efficiencies of units unchanged. This is done assuming fixed technical and allocative efficiencies. The approach is based on the assumption that the decision maker (DM) may not have big changes in the structure of DMUs within a short term. The second strategy does not impose any restrictions on technical and allocative efficiencies. It guarantees that none of the cost efficiencies of DMUs get worse after RA, and the improvement for units is possible if it is feasible and beneficial. Two numerical examples and an empirical illustration are also provided. |
| doi_str_mv | 10.1057/s41274-016-0020-7 |
| format | Article |
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The aim is to allocate some inputs among decision making units (DMUs) in such way that their cost efficiencies improve or stay unchanged after RA. We formulate a multi-objective linear programming problem using two different strategies. First, we propose an RA model which keeps the cost efficiencies of units unchanged. This is done assuming fixed technical and allocative efficiencies. The approach is based on the assumption that the decision maker (DM) may not have big changes in the structure of DMUs within a short term. The second strategy does not impose any restrictions on technical and allocative efficiencies. It guarantees that none of the cost efficiencies of DMUs get worse after RA, and the improvement for units is possible if it is feasible and beneficial. Two numerical examples and an empirical illustration are also provided.</description><identifier>ISSN: 0160-5682</identifier><identifier>EISSN: 1476-9360</identifier><identifier>DOI: 10.1057/s41274-016-0020-7</identifier><language>eng</language><publisher>London: Taylor & Francis</publisher><subject>allocative efficiency ; Business and Management ; cost efficiency ; Data envelopment analysis ; Decision making ; Efficiency ; Linear programming ; Management ; Mathematical models ; Multiple objective analysis ; Operations Research/Decision Theory ; overall efficiency ; Resource allocation ; technical efficiency</subject><ispartof>The Journal of the Operational Research Society, 2017-10, Vol.68 (10), p.1279-1289</ispartof><rights>Copyright © 2017, The Operational Research Society 2017</rights><rights>2017 The Operational Research Society</rights><rights>The Operational Research Society 2017</rights><rights>Copyright Taylor & Francis Ltd. 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Two numerical examples and an empirical illustration are also provided.</description><subject>allocative efficiency</subject><subject>Business and Management</subject><subject>cost efficiency</subject><subject>Data envelopment analysis</subject><subject>Decision making</subject><subject>Efficiency</subject><subject>Linear programming</subject><subject>Management</subject><subject>Mathematical models</subject><subject>Multiple objective analysis</subject><subject>Operations Research/Decision Theory</subject><subject>overall efficiency</subject><subject>Resource allocation</subject><subject>technical efficiency</subject><issn>0160-5682</issn><issn>1476-9360</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNp9UEtLxDAQDqLguvoDPAgFr0YnjyYteBHxBQuC6Dmk6US6dJs16SL7781SES96moHvNfMRcsrgkkGpr5JkXEsKTFEADlTvkRmTWtFaKNgnswwALVXFD8lRSksAqIHVM3LxgilsosPC9n1wduzCUDQ2YVvkxYU0Fuh95zoc3PaYHHjbJzz5nnPydn_3evtIF88PT7c3C-okFyPVFRdV2YCwJfia21bWiqNEzqFp0KHkvmKC-1IpD41ufO2t1xaxFV5yK8ScnE--6xg-NphGs8w3DjnSsFoqISqWDeaETSwXQ0oRvVnHbmXj1jAwu1LMVIrJv5tdKUZnDZ80KXOHd4y_nP8RnU2iZRpD_EmRlVbAeJ3x6wnvBh_iyn6G2LdmtNs-RB_t4LpkxN_2X6oVgJk</recordid><startdate>20171001</startdate><enddate>20171001</enddate><creator>Dehnokhalaji, Akram</creator><creator>Ghiyasi, Mojtaba</creator><creator>Korhonen, Pekka</creator><general>Taylor & Francis</general><general>Taylor & Francis, Ltd</general><general>Palgrave Macmillan UK</general><general>Taylor & Francis Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7RQ</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X7</scope><scope>7XB</scope><scope>87Z</scope><scope>88E</scope><scope>8AL</scope><scope>8FE</scope><scope>8FG</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ARAPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>HCIFZ</scope><scope>JQ2</scope><scope>K60</scope><scope>K6~</scope><scope>K7-</scope><scope>K9.</scope><scope>L.-</scope><scope>L6V</scope><scope>M0C</scope><scope>M0N</scope><scope>M0S</scope><scope>M1P</scope><scope>M2O</scope><scope>M7S</scope><scope>MBDVC</scope><scope>P5Z</scope><scope>P62</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PTHSS</scope><scope>Q9U</scope><scope>U9A</scope></search><sort><creationdate>20171001</creationdate><title>Resource allocation based on cost efficiency</title><author>Dehnokhalaji, Akram ; 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| subjects | allocative efficiency Business and Management cost efficiency Data envelopment analysis Decision making Efficiency Linear programming Management Mathematical models Multiple objective analysis Operations Research/Decision Theory overall efficiency Resource allocation technical efficiency |
| title | Resource allocation based on cost efficiency |
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