Selecting a Fuel-Efficient Vehicle Using Data Envelopment Analysis

In this paper we use four different extensions of Data Envelopment Analysis (DEA) to rank the relative performance of sustainable vehicles. The use of the four ranking approaches employed in this study enhances the reliability of the decision outcome. In addition, these methods are solely based on d...

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Veröffentlicht in:The Journal of business and economic studies (Fairfield, Conn.) Conn.), 2013-10, Vol.19 (2), p.54
Hauptverfasser: Partovi, Fariborz Y, Kim, Rebecca J
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description In this paper we use four different extensions of Data Envelopment Analysis (DEA) to rank the relative performance of sustainable vehicles. The use of the four ranking approaches employed in this study enhances the reliability of the decision outcome. In addition, these methods are solely based on data and do not require expert opinions for evaluating the importance of various criteria and vehicle selection. Because of data availability, using decision tools that are data driven is becoming more important in facilitating decision making processes. This study examines a field application of DEA for the selection of a consumer durable from engineering and marketing perspectives, with consideration for environmental factors during their use phase.
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subjects Alternative energy
Annual reports
Consumers
Data envelopment analysis
Decision making
Energy consumption
Energy efficiency
Fossil fuels
Linear programming
Mathematical programming
Multiple criteria decision making
Selection
Studies
Sustainable development
Transportation industry
Vehicles
title Selecting a Fuel-Efficient Vehicle Using Data Envelopment Analysis
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