Data Envelopment Analysis. Chapter 1 Introduction - General Discussion. Mission, Vision, Goals, & Strategies: A Brief Review. Mission statement: reasons to exist Vision statement: want to be Goals: Support mission/vision statements Long/short term goals
Chapter 1 Introduction - General Discussion
Q1 - DEA model automatically finds “weights” for inputs, which are impartial.
Q2 – Why “relative” efficiency? DEA compares only DMUs in the dataset. Thus, it is NOT the absolute efficiency score.
Efficient frontier envelops branches: why DEA
y = 0.622x