Cost Efficiency Measurement in Data Envelopment Analysis with Dynamic Network Structures: A Relational Model

The “Dynamic-network” version of cost efficiency measurement in Data Envelopment Analysis (DEA) is proposed in this paper. The classical DEA models ignore operations of individual processes within a system; moreover, they compute efficiency at the same time. Therefore, we suggest a relational model...

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Bibliographic Details
Published in:Asia-Pacific journal of operational research 2017-10, Vol.34 (5), p.1750023
Main Authors: Seyedboveir, Soheila, Kordrostami, Sohrab, Daneshian, Behrouz, Amirteimoori, Alireza
Format: Article
Language:English
Subjects:
Computing time
Cost analysis
Data analysis
Data envelopment analysis
Efficiency
Operations research
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Summary:The “Dynamic-network” version of cost efficiency measurement in Data Envelopment Analysis (DEA) is proposed in this paper. The classical DEA models ignore operations of individual processes within a system; moreover, they compute efficiency at the same time. Therefore, we suggest a relational model to estimate cost efficiency in static network structures. Also, we incorporate the dynamic effect in network structures. The proposed models here evaluate the overall efficiency over the whole periods and indicate it as a weighted average of period efficiencies. The main advantage revealed in this study is recognition of: which divisions at what periods caused the inefficiency of the system, the internal activities of the system over time, considered; moreover, the results obtained here is applicable in, improving the performance of the system. A case study of Iranian banking industry is used to show the applicability of the approach.
ISSN:0217-5959
1793-7019
0217-5959
DOI:10.1142/S0217595917500233