Tuning the data sample for data envelopment analysis

Athanasios Valiakos, Vincent Charles*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

Data envelopment analysis (DEA) relies on efficiency scores being relative, and, therefore, the efficiency frontier is constructed by a complete set of decision-making units. In this research, a technique is proposed using a statistical sample of large datasets, where it is proven that the efficiency frontier is not so relative since it can be calculated from a sample of the dataset. In order to assist the technique, neural networks (NNs) are also employed. Furthermore, a unified technique is proposed to acquire the efficiency scores without the use of the DEA beforehand. By obtaining a representative sample, it is easier to draw conclusions about the entire structure of the dataset with a specific error probability and accuracy. A methodology is proposed to acquire a sample based on simple random sampling technique. The DEA-NN combination is applied to the sample, while tuning the sample dataset, in order to accumulate the efficiency frontier. The NN is brought to the optimum level, producing, therefore, reliable and promising results.

Original languageEnglish
Pages (from-to)407-420
Number of pages14
JournalInternational Journal of Operational Research
Volume30
Issue number3
DOIs
Publication statusPublished - 16 Oct 2017
Externally publishedYes

Keywords

  • ANNs
  • Artificial neural networks
  • Data envelopment analysis
  • DEA
  • Decision support systems
  • Large datasets
  • Monte Carlo simulation
  • Operational research
  • Statistical sampling

ASJC Scopus subject areas

  • Management Science and Operations Research

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