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Using Other Multi-Attribute Decision-Making Techniques to Measure Efficiency When Data Envelopment Analysis Fails

In: Introduction to Internet of Things in Management Science and Operations Research

Author

Listed:
  • William P. Fox

    (College of William & Mary)

  • Ethan Buck

    (College of William and Mary)

  • John Morris

    (College of William and Mary)

  • Oliver Stein

    (College of William and Mary)

  • Simon Sun

    (College of William and Mary)

  • Rebecca Rousseau

    (College of William and Mary)

  • Asanah Teneng

    (College of William and Mary)

Abstract

In this article, we show an example of data envelopment analysis that does not provide us with efficiencies based on the same selection of inputs and outputs that were provided by the decision maker. Therefore, we select another multi-attribute decision making tool such as TOPSIS. TOPSIS is modified to calculate “efficiency” and we use entropy weighting method in order to use all the inputs and outputs in our efficiency decision process. Our case study is applied to an example of sensor procurement within the Internet of Things.

Suggested Citation

  • William P. Fox & Ethan Buck & John Morris & Oliver Stein & Simon Sun & Rebecca Rousseau & Asanah Teneng, 2021. "Using Other Multi-Attribute Decision-Making Techniques to Measure Efficiency When Data Envelopment Analysis Fails," International Series in Operations Research & Management Science, in: Fausto Pedro García Márquez & Benjamin Lev (ed.), Introduction to Internet of Things in Management Science and Operations Research, pages 247-258, Springer.
  • Handle: RePEc:spr:isochp:978-3-030-74644-5_12
    DOI: 10.1007/978-3-030-74644-5_12
    as

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