Exploiting value system multiplicity and preference voting for robust ranking

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Under a data envelopment analysis (DEA) framework, full ranking of a group of decision making units (DMUs) can be carried out through an adequate amalgamation of the cross-efficiency (CE henceforth) scores produced for each DMU. In this paper, we propose a ranking procedure that is based on amalgamating the weight profiles selected over the cross-evaluation rather than related CE scores. The new approach builds, for each DMU, a collective weight profile (CWP henceforth) by exploiting the preference voting system embedded within the matrix of weights, which views the assessing DMUs as voters and the input/output factors as candidates. The occurrence of zero votes is discussed as a special case and a two-level aggregation procedure is developed. The CWPs that are produced extend the concept of collective appreciation to the input/output factors of each DMU so that group dynamics is truly reflected, mainly in decision making circumstances where factor prioritization is necessary for making choices or allocating resources. The robustness of the proposed ranking approach is evaluated with three examples drawn from the literature.

Original languageEnglish
JournalOmega (United Kingdom)
DOIs
Publication statusPublished - Jan 1 2019

    Fingerprint

Keywords

  • Collective value system
  • Cross-efficiency
  • Data envelopment analysis
  • Preference voting
  • Ranking
  • Weight profile

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Information Systems and Management

Cite this