INTRODUCTION
Data Envelopment Analysis (DEA) is a performance measurement technique mainly used in efficiency analysis. DEA is appropriate to decision makers with little or no background in economics and operational research. The use of mathematics is kept to a minimum. This training adopts a strong practical approach to allow decision makers to conduct their own efficiency analysis and to easily interpret results.
DEA helps decision makers in a number of ways. By calculating an efficiency score, it indicates if a firm is efficient or has capacity for improvement. By setting target values for input and output, it calculates how much input must be decreased or output increased in order to become efficient. By identifying the nature of returns to scale, it indicates if a firm has to decrease or increase its scale (or size) in order to minimize the average cost. By identifying a set of benchmarks, it specifies which other firms’ processes need to be analysed in order to improve its own practices. Win4DEAP is a software package that conducts efficiency analysis based on DEA methodology. The methodical background of DEA will be adequately explored. Some important advanced topics of DEA (adjustment to the environment; preferences; sensitivity analysis; time series data) will be presented also.
Duration
3 Days
For More Information
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