Cross-efficiency evaluation in data envelopment analysis based on prospect theory
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ejor.2018.07.046
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Han Bleichrodt & Ulrich Schmidt & Horst Zank, 2009.
"Additive Utility in Prospect Theory,"
Management Science, INFORMS, vol. 55(5), pages 863-873, May.
- Han Bleichrodt & Ulrich Schmidt & Horst Zank, 2008. "Additive utility in prospect theory," Economics Discussion Paper Series 0811, Economics, The University of Manchester.
- Partovi, Fariborz Y., 2011. "Corporate philanthropic selection using data envelopment analysis," Omega, Elsevier, vol. 39(5), pages 522-527, October.
- Wang, Ying-Ming & Chin, Kwai-Sang, 2010. "Some alternative models for DEA cross-efficiency evaluation," International Journal of Production Economics, Elsevier, vol. 128(1), pages 332-338, November.
- Yang, Feng & Ang, Sheng & Xia, Qiong & Yang, Chenchen, 2012. "Ranking DMUs by using interval DEA cross efficiency matrix with acceptability analysis," European Journal of Operational Research, Elsevier, vol. 223(2), pages 483-488.
- Lahdelma, Risto & Salminen, Pekka, 2009. "Prospect theory and stochastic multicriteria acceptability analysis (SMAA)," Omega, Elsevier, vol. 37(5), pages 961-971, October.
- Luigi Guiso & Monica Paiella, 2008.
"Risk Aversion, Wealth, and Background Risk,"
Journal of the European Economic Association, MIT Press, vol. 6(6), pages 1109-1150, December.
- Guiso, Luigi & Pagel, Michaela, 2001. "Risk Aversion, Wealth and Background Risk," CEPR Discussion Papers 2728, C.E.P.R. Discussion Papers.
- Monica Paiella & Luigi Guiso, 2004. "Risk Aversion, Wealth and Background Risk," 2004 Meeting Papers 525, Society for Economic Dynamics.
- Luigi Guiso & Monica Paiella, 2007. "Risk Aversion, Wealth, and Background Risk," Economics Working Papers ECO2007/47, European University Institute.
- Luigi Guiso & Monica Paiella, 2003. "Risk Aversion, Wealth and Background Risk," Temi di discussione (Economic working papers) 483, Bank of Italy, Economic Research and International Relations Area.
- Ramón, Nuria & Ruiz, José L. & Sirvent, Inmaculada, 2010. "On the choice of weights profiles in cross-efficiency evaluations," European Journal of Operational Research, Elsevier, vol. 207(3), pages 1564-1572, December.
- Mohammed Abdellaoui & Han Bleichrodt & Corina Paraschiv, 2007.
"Loss Aversion Under Prospect Theory: A Parameter-Free Measurement,"
Management Science, INFORMS, vol. 53(10), pages 1659-1674, October.
- H. Bleichrodt & C. Paraschiv & Mohammed Abdellaoui, 2007. "Loss Aversion Under Prospect Theory: A Parameter-Free Measurement," Post-Print hal-00457047, HAL.
- Falagario, Marco & Sciancalepore, Fabio & Costantino, Nicola & Pietroforte, Roberto, 2012. "Using a DEA-cross efficiency approach in public procurement tenders," European Journal of Operational Research, Elsevier, vol. 218(2), pages 523-529.
- Lim, Sungmook & Oh, Kwang Wuk & Zhu, Joe, 2014. "Use of DEA cross-efficiency evaluation in portfolio selection: An application to Korean stock market," European Journal of Operational Research, Elsevier, vol. 236(1), pages 361-368.
- Timothy Anderson & Keith Hollingsworth & Lane Inman, 2002. "The Fixed Weighting Nature of A Cross-Evaluation Model," Journal of Productivity Analysis, Springer, vol. 17(3), pages 249-255, May.
- Wang, Ying-Ming & Chin, Kwai-Sang, 2011. "The use of OWA operator weights for cross-efficiency aggregation," Omega, Elsevier, vol. 39(5), pages 493-503, October.
- Boussofiane, A. & Dyson, R. G. & Thanassoulis, E., 1991. "Applied data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 52(1), pages 1-15, May.
- Scholz, Michael & Dorner, Verena & Schryen, Guido & Benlian, Alexander, 2017. "A configuration-based recommender system for supporting e-commerce decisions," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 83360, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
- Houlding, B. & Coolen, F.P.A., 2012. "Nonparametric predictive utility inference," European Journal of Operational Research, Elsevier, vol. 221(1), pages 222-230.
- Verbunt, Pim & Rogge, Nicky, 2018. "Geometric composite indicators with compromise Benefit-of-the-Doubt weights," European Journal of Operational Research, Elsevier, vol. 264(1), pages 388-401.
- Berman, Oded & Sanajian, Nima & Wang, Jiamin, 2017. "Location choice and risk attitude of a decision maker," Omega, Elsevier, vol. 66(PA), pages 170-181.
- Green, Rodney H. & Doyle, John R. & Cook, Wade D., 1996. "Preference voting and project ranking using DEA and cross-evaluation," European Journal of Operational Research, Elsevier, vol. 90(3), pages 461-472, May.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Joe Zhu, 2014. "DEA Cross Efficiency," International Series in Operations Research & Management Science, in: Quantitative Models for Performance Evaluation and Benchmarking, edition 3, chapter 4, pages 61-92, Springer.
- Mohammed Abdellaoui & Emmanuel Kemel, 2014.
"Eliciting Prospect Theory When Consequences Are Measured in Time Units: “Time Is Not Money”,"
Management Science, INFORMS, vol. 60(7), pages 1844-1859, July.
- Mohammed Abdellaoui & Emmanuel Kemel, 2013. "Eliciting Prospect Theory When Consequences Are Measured in Time Units: "Time Is Not Money"," Post-Print hal-01069187, HAL.
- Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(4), pages 643-669.
- Borgonovo, E. & Cappelli, V. & Maccheroni, F. & Marinacci, M., 2018. "Risk analysis and decision theory: A bridge," European Journal of Operational Research, Elsevier, vol. 264(1), pages 280-293.
- Liang, Liang & Wu, Jie & Cook, Wade D. & Zhu, Joe, 2008. "Alternative secondary goals in DEA cross-efficiency evaluation," International Journal of Production Economics, Elsevier, vol. 113(2), pages 1025-1030, June.
- Ertay, Tijen & Ruan, Da, 2005. "Data envelopment analysis based decision model for optimal operator allocation in CMS," European Journal of Operational Research, Elsevier, vol. 164(3), pages 800-810, August.
- Xiaoyang Long & Javad Nasiry, 2015. "Prospect Theory Explains Newsvendor Behavior: The Role of Reference Points," Management Science, INFORMS, vol. 61(12), pages 3009-3012, December.
- Qin, Jindong & Liu, Xinwang & Pedrycz, Witold, 2017. "An extended TODIM multi-criteria group decision making method for green supplier selection in interval type-2 fuzzy environment," European Journal of Operational Research, Elsevier, vol. 258(2), pages 626-638.
- James E. Smith & Canan Ulu, 2017. "Risk Aversion, Information Acquisition, and Technology Adoption," Operations Research, INFORMS, vol. 65(4), pages 1011-1028, August.
- D K Despotis, 2002. "Improving the discriminating power of DEA: focus on globally efficient units," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 53(3), pages 314-323, March.
- Scholz, Michael & Dorner, Verena & Schryen, Guido & Benlian, Alexander, 2017. "A configuration-based recommender system for supporting e-commerce decisions," European Journal of Operational Research, Elsevier, vol. 259(1), pages 205-215.
- Ruiz, José L. & Sirvent, Inmaculada, 2012. "On the DEA total weight flexibility and the aggregation in cross-efficiency evaluations," European Journal of Operational Research, Elsevier, vol. 223(3), pages 732-738.
- Scholz, Michael & Dorner, Verena & Schryen, Guido & Benlian, Alexander, 2017. "A configuration-based recommender system for supporting e-commerce decisions," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 85453, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Wu, Jie & Liang, Liang & Chen, Yao, 2009. "DEA game cross-efficiency approach to Olympic rankings," Omega, Elsevier, vol. 37(4), pages 909-918, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Liu, Hui-hui & Song, Yao-yao & Liu, Xiao-xiao & Yang, Guo-liang, 2020. "Aggregating the DEA prospect cross-efficiency with an application to state key laboratories in China," Socio-Economic Planning Sciences, Elsevier, vol. 71(C).
- Feng Li & Han Wu & Qingyuan Zhu & Liang Liang & Gang Kou, 2021. "Data envelopment analysis cross efficiency evaluation with reciprocal behaviors," Annals of Operations Research, Springer, vol. 302(1), pages 173-210, July.
- Oukil, Amar, 2020. "Exploiting value system multiplicity and preference voting for robust ranking," Omega, Elsevier, vol. 94(C).
- Wu, Jie & Chu, Junfei & Sun, Jiasen & Zhu, Qingyuan, 2016. "DEA cross-efficiency evaluation based on Pareto improvement," European Journal of Operational Research, Elsevier, vol. 248(2), pages 571-579.
- Jie Wu & Junfei Chu & Qingyuan Zhu & Pengzhen Yin & Liang Liang, 2016. "DEA cross-efficiency evaluation based on satisfaction degree: an application to technology selection," International Journal of Production Research, Taylor & Francis Journals, vol. 54(20), pages 5990-6007, October.
- Carrillo, Marianela & Jorge, Jesús M., 2018. "Integrated approach for computing aggregation weights in cross-efficiency evaluation," Operations Research Perspectives, Elsevier, vol. 5(C), pages 256-264.
- H. Örkcü & Mehmet Ünsal & Hasan Bal, 2015. "A modification of a mixed integer linear programming (MILP) model to avoid the computational complexity," Annals of Operations Research, Springer, vol. 235(1), pages 599-623, December.
- Cui, Yuan & Pan, Hao & Huang, Yi-Di & Yang, Guo-liang, 2024. "How can sociological theories provide legitimacy to eco-efficiency evaluations? Embark on a journey toward understanding," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
- Ganji, S.S. & Dehghani, Alireza & Ajirlu, Shahrouz Fathi, 2024. "Evaluation of intercity road passenger transportation using a novel double-frontier game-regret-cross-efficiency," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
- Ramón, Nuria & Ruiz, José L. & Sirvent, Inmaculada, 2011. "Reducing differences between profiles of weights: A "peer-restricted" cross-efficiency evaluation," Omega, Elsevier, vol. 39(6), pages 634-641, December.
- Davtalab-Olyaie, Mostafa & Asgharian, Masoud, 2021. "On Pareto-optimality in the cross-efficiency evaluation," European Journal of Operational Research, Elsevier, vol. 288(1), pages 247-257.
- Wenli Liu & Ying-Ming Wang & Shulong Lv, 2017. "An aggressive game cross-efficiency evaluation in data envelopment analysis," Annals of Operations Research, Springer, vol. 259(1), pages 241-258, December.
- Ebrahimi, Bohlool & Dhamotharan, Lalitha & Ghasemi, Mohammad Reza & Charles, Vincent, 2022. "A cross-inefficiency approach based on the deviation variables framework," Omega, Elsevier, vol. 111(C).
- Wang, Ying-Ming & Chin, Kwai-Sang, 2011. "The use of OWA operator weights for cross-efficiency aggregation," Omega, Elsevier, vol. 39(5), pages 493-503, October.
- Shiang-Tai Liu, 2018. "A DEA ranking method based on cross-efficiency intervals and signal-to-noise ratio," Annals of Operations Research, Springer, vol. 261(1), pages 207-232, February.
- Ruiz, José L., 2013. "Cross-efficiency evaluation with directional distance functions," European Journal of Operational Research, Elsevier, vol. 228(1), pages 181-189.
- José L. Ruiz & Inmaculada Sirvent, 2017. "Fuzzy cross-efficiency evaluation: a possibility approach," Fuzzy Optimization and Decision Making, Springer, vol. 16(1), pages 111-126, March.
- Guo Ruijuan & Dong Yanling & Meiqiang Wang & Yongjun Li, 2015. "DEA Cross-Efficiency Evaluation Method Based on Good Relationship," Journal of Systems Science and Information, De Gruyter, vol. 3(1), pages 14-24, February.
- Ruiz, José L. & Sirvent, Inmaculada, 2012. "On the DEA total weight flexibility and the aggregation in cross-efficiency evaluations," European Journal of Operational Research, Elsevier, vol. 223(3), pages 732-738.
- Shiang-Tai Liu & Yueh-Chiang Lee, 2021. "Fuzzy measures for fuzzy cross efficiency in data envelopment analysis," Annals of Operations Research, Springer, vol. 300(2), pages 369-398, May.
More about this item
Keywords
Data envelopment analysis; Cross-efficiency; Prospect theory; Risk attitude;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:273:y:2019:i:1:p:364-375. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.