On the Differences between DEA and Selected MCDM Methods

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F17%3A43897055" target="_blank" >RIV/60076658:12510/17:43897055 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
On the Differences between DEA and Selected MCDM Methods
Original language description
In many economic applications, it is necessary to compare some units, to choose the best one or to identify good ones. Many ways how to handle this problem exist. In this paper, we are interested in DEA and MCDM methods. Data envelopment analysis methods (DEA) are focused on productive efficiency of decision making units with respect to the values of their inputs and outputs. The aim of the DEA model is to identify a set of efficient and inefficient units. Multiple-criteria decision-making methods (MCDM) typically search for the ?best? alternative from a set of avaible alternatives or for a small group of ?optimal?alternatives. However, in these problems the solution depends on decision-maker?s preferences. It is known inputs of DEA are in fact costs criteria and outputs are profits criteria. Hence, it seems the aims of these methods are very similar. The aim of this paper is to discuss if it is possible to compare results of DEA and MCDM methods.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 11th International Scientific Conference INPROFORUM 2017. Innovations, Enterprises, Regions and Management
ISBN
978-80-7394-667-8
ISSN
2336-6788
e-ISSN
2336-6788
Number of pages
6
Pages from-to
338-343
Publisher name
Jihočeská univerzita v Českých Budějovicích, Ekonomická fakulta
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 9, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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