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Stochastic DEA for restructure strategy: an application to a Japanese petroleum company

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  • Sueyoshi, Toshiyuki

Abstract

DEA (Data Envelopment Analysis) is a management science method that has been widely applied for performance analysis in various sectors. A shortcoming of previous DEA applications is that it has been used to mainly evaluate ex ante performance. Believing that future planning is more important than past evaluation, this study documents how to incorporate future information into DEA. A stochastic DEA model is presented and then it is reformulated in the manner that the stochastic model can incorporate future information. The proposed approach is referred to as "DEA future analysis" in this study. To document the practicality of DEA future analysis, this research applies the proposed approach to plan the restructure strategy of a Japanese petroleum company.

Suggested Citation

  • Sueyoshi, Toshiyuki, 2000. "Stochastic DEA for restructure strategy: an application to a Japanese petroleum company," Omega, Elsevier, vol. 28(4), pages 385-398, August.
    • Handle: RePEc:eee:jomega:v:28:y:2000:i:4:p:385-398
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    References listed on IDEAS

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    1. Sueyoshi, Toshiyuki, 1999. "Tariff structure of Japanese electric power companies: An empirical analysis using DEA," European Journal of Operational Research, Elsevier, vol. 118(2), pages 350-374, October.
    2. Toshiyuki Sueyoshi, 1997. "Measuring Efficiencies and Returns to Scale of Nippon Telegraph & Telephone in Production and Cost Analyses," Management Science, INFORMS, vol. 43(6), pages 779-796, June.
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    5. Sueyoshi, Toshiyuki, 1998. "Privatization of nippon telegraph and telephone: Was it a good policy decision?," European Journal of Operational Research, Elsevier, vol. 107(1), pages 45-61, May.
    6. Toshiyuki Sueyoshi, 1995. "Production analysis in different time periods: An application of data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 86(2), pages 216-230, October.
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    8. Toshiyuki Sueyoshi, 1996. "Divestiture of Nippon Telegraph and Telephone," Management Science, INFORMS, vol. 42(9), pages 1326-1351, September.
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    Keywords

    DEA PERT/CPM Probability;

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