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Value Efficiency Analysis of Academic Research

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Author Info
P. Korhonen
R. Tainio
J. Wallenius

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Abstract

We propose a systematic approach to analyzing academic research performance at universities and research institutes. The analysis of research performance based on a set of (abstract) criteria which are relevant from the decision maker's point of view. The scales for these criteria are defined by means of concrete indicators. All indicators, are, however, not necessarily quantitative. Qualitative information is quantified using appropriate analytical tools. Once the criteria and indicators have been agreed upon and quantified, data on the research units is collected and a Value Efficiency Analysis is performed. The efficiency of research units is defined in the spirit of Data Envelopment Analysis (DEA), complemented with a decision makers (Rector in the European university system) preference information. This information is obtained by asking the decision maker to locate a point on the efficient frontier having the most preferred input and output values. Our approach and the accompanying Decision Support System enables a university to allocate resources more efficiently for its research units. Using data from the Helsinki School of Economics, we describe how our approach can be used.

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Publisher Info
Paper provided by International Institute for Applied Systems Analysis in its series Working Papers with number ir98032.

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Date of creation: Jun 1998
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Handle: RePEc:wop:iasawp:ir98032

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November. [Downloadable!] (restricted)
  2. M. Halme & T. Joro & P. Korhonen & S. Salo & J. Wallenius, 1998. "Value Efficiency Analysis for Incorporating Preference Information in Data Envelopment Analysis," Working Papers ir98054, International Institute for Applied Systems Analysis. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Laurens Cherchye & Piet Vanden Abeele, 2002. "On Research Efficiency: A Micro-Analysis of Dutch University Research in Economics and Business Management," Public Economics Working Paper Series ces0206, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics. [Downloadable!]
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  2. Marshall, Elizabeth & Shortle, James, 2005. "Using DEA and VEA to Evaluate Quality of Life in the Mid-Atlantic States," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 34(2), October. [Downloadable!]
  3. Marshall, Elizabeth & Shortle, James, 2004. "Using Dea And Vea To Evaluate Quality Of Life In The Mid-Atlantic States," 2004 Annual meeting, August 1-4, Denver, CO 20198, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  4. Martín Rivero, Raquel, 2007. "La eficiencia productiva en el ámbito universitario: aspectos claves para su evaluación/The Productive Efficiency in the University: Key Aspects for its Evaluation," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 25, pages 793-812, Diciembre. [Downloadable!] (restricted)
  5. Özgür Özpeynirci & Murat Köksalan, 2007. "Performance evaluation using data envelopment analysis in the presence of time lags," Journal of Productivity Analysis, Springer, vol. 27(3), pages 221-229, June. [Downloadable!] (restricted)
  6. Jiménez, Fernando & Zabala-Iturriagagoitia, Jon Mikel & Zofío, José Luis, 2007. "Efficiency in Public Research Centers: Evaluating the Spanish Food Technology Program," Working Papers in Economic Theory 2007/04, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History). [Downloadable!]
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