Page Banner

United States Department of Agriculture

Agricultural Research Service

Title: ON VALUE EFFICIENCY AND DATA ENVELOPMENT ANALYSIS)

Author
item Fare, Rolf
item Grosskopf, Shawna
item Whittaker, Gerald - Jerry

Submitted to: Indian Ecomonic Review
Publication Type: Peer Reviewed Journal
Publication Acceptance Date: 12/1/2003
Publication Date: 6/30/2004
Citation: Fare, R., Grosskopf, S., Whittaker, G.W. 2004. On value efficiency and data envelopment analysis. Indian Ecomonic Review. v. 39. p.81-88.

Interpretive Summary: 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 we use the notion of dominance to identify a revealed indifference curve, which is then included in the DEA model. This allows us to identify the most preferred solution (MPS) as part of the solution to our modified DEA problem.

Technical 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 we use the notion of dominance to identify a revealed indifference curve, which is then included in the DEA model. This allows us to identify the most preferred solution (MPS) as part of the solution to our modified DEA problem.

Last Modified: 8/24/2016
Footer Content Back to Top of Page