Benchmark Forecasting in Data Envelopment Analysis for Decision Making Units

Subject Areas : International Journal of Industrial Mathematics

مرتضی شفیعی ¹ , فرهاد حسین زاده لطفی ² , هیلدا صالح ³

1 - Department of Industrial Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran
2 - Department of Mathematics, Science and Research Branch, Islamic Azad University, Tehran, Iran
3 - Department of Mathematics, Central Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2018-05-19 Accepted : 2020-06-23 Published : 2021-01-01

Keywords: Data envelopment analysis (DEA), Efficiency forecasting, ‎Benchmark.‎, Performance evaluation, Bank efficiency, System Dynamics, Simulation,

Abstract :

Although DEA is a powerful method in evaluating DMUs, it does have some limitations. One of the limitations of this method is the result of the evaluation is based on previously data and the results are not proper for forecasting the future changes. So For this purpose, we design feedback loops for forecasting inputs and outputs through system dynamics and simulation. Then we use DEA model to forecast the efficiency.

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