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On Value Efficiency and Data Envelopment Analysis

Author

Listed:
  • Rolf Fare

    (Department of Economics, Oregon State University, Corvallis, Oregon 97331, USA)

  • Shawna Grosskopf

    (Department of Economics, Oregon State University, Corvallis, Oregon 97331, USA)

  • Gerald Whittaker

    (Agricultural Research Service, USDA, Corvallis, Oregon 97330, USA)

Abstract

This paper builds on earlier efforts to integrate preferences into a DEA model. Rather than including an explicit utility function as a constraint to a DEA problem as in F äre et al. (2002), here we use the notion of dominance to identify a ’¡Ærevealed’¡Ç indifference curve, which is then included in the DEA model. This allows us to identify what Halme et al. (1999) call the most preferred solution (MPS) as part of the solution to our modified DEA problem. This in turn allows us to decompose what they would call value efficiency into a technical and preference related component.

Suggested Citation

  • Rolf Fare & Shawna Grosskopf & Gerald Whittaker, 2004. "On Value Efficiency and Data Envelopment Analysis," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 39(1), pages 81-88, January.
  • Handle: RePEc:dse:indecr:v:39:y:2004:i:1:p:81-88
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    Citations

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    Cited by:

    1. Whittaker, Gerald & Confesor Jr., Remegio & Griffith, Stephen M. & Färe, Rolf & Grosskopf, Shawna & Steiner, Jeffrey J. & Mueller-Warrant, George W. & Banowetz, Gary M., 2009. "A hybrid genetic algorithm for multiobjective problems with activity analysis-based local search," European Journal of Operational Research, Elsevier, vol. 193(1), pages 195-203, February.

    More about this item

    Keywords

    Value Efficiency; DEA;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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