Assessing Performance of Organizations Under Uncertainty: An Application in Higher Education
Publish place: Fourth International Conference on New Developments in Management, Economics and Accounting
Publish Year: 1400
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:
MDMCONF04_209
تاریخ نمایه سازی: 23 شهریور 1400
Abstract:
Data envelopment analysis (DEA) is an established approach to measure the efficiency of a group of firms. Amongst many existing DEA models, enhanced Russell measure (ERM) has received some attention and it minimises the ratio of average input reduction to average output increase. In the original ERM, observations are assumed to be precise but in reality, it is always true. This paper presents a class of robust optimisation models to deal with uncertainty with a high degree of robustness in the ERM models. In addition, this study leverages the Monte-Carlo simulation to give an appropriate range for the budget of uncertainty approving the highest level of conformity for the ranking of units. An application on the Master of Business Administration (MBA) programmes is presented.
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Authors
Adel Hatamimarbini
Department of Management and Entrepreneurship, Leicester Castle Business School, De Montfort University, Hugh Aston Building, The Gateway, Leicester LE۱ ۹BH, UK
Aliasghar Arabmaldar
Department of Mathematics Faculty of Sciences, Golestan University, Gorgan, Iran
Mehdi Toloo
Department of System Engineering, Faculty of Economics, Technical University of Ostrava, Ostrava, Czech Republic