Abstract
This paper presents a new, interactive multi-objective linear-programming procedure to aid decisionmakers in setting up goals for desired outputs. The procedure relies on empirical production functions generated by the use of data envelopment analysis. It presents the decision-maker with a set of alternative efficient points in order either to compare different sets of inputs in terms of their effectiveness for goal achievement, or to set goals against which future management performance may be measured. With each iteration the new information provided by the decision-maker is used to adjust the procedure, leading to points which have greater effectiveness utility for the decision-maker. A numerical example is provided along with guidelines for future applications.
Original language | English |
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Pages (from-to) | 725-734 |
Number of pages | 10 |
Journal | Journal of the Operational Research Society |
Volume | 39 |
Issue number | 8 |
DOIs | |
State | Published - Aug 1988 |
Keywords
- Data envelopment analysis
- Effectiveness analysis
- Multiple-objective linear programming
ASJC Scopus subject areas
- Management Information Systems
- Strategy and Management
- Management Science and Operations Research
- Marketing