<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>In this paper, we consider the problem of allocating resources among Decision Making Units (DMUs). Regarding the concept of overall (cost) efficiency, we consider three different scenarios and formulate three Resource Allocation (RA) models correspondingly. In the first scenario, we assume that overall efficiency of each unit remains unchanged. The second scenario is related to the case where none of overall efficiency scores is deteriorated. We improve the overall efficiencies by a pre-determined percentage in the last scenario. We formulate Linear Programming problems to allocate resources in all scenarios. All three scenarios are illustrated through numerical and empirical examples.</p>
</abstract>

In this paper, we consider the problem of allocating resources among Decision Making Units (DMUs). Regarding the concept of overall (cost) efficiency, we consider three different scenarios and formulate three Resource Allocation (RA) models correspondingly. In the first scenario, we assume that overall efficiency of each unit remains unchanged. The second scenario is related to the case where none of overall efficiency scores is deteriorated. We improve the overall efficiencies by a pre-determined percentage in the last scenario. We formulate Linear Programming problems to allocate resources in all scenarios. All three scenarios are illustrated through numerical and empirical examples.

A Scenario-based Model for Resource Allocation with Price Information

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Foundations of Computing and Decision Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"A Scenario-based Model for Resource Allocation with Price Information"}

In this paper, we consider the problem of allocating resources among Decision Making Units (DMUs). Regarding the concept of overall (cost) efficiency, we...

A Scenario-based Model for Resource Allocation with Price Information

Published Online: Dec 17, 2021

Page range: 339 - 360

Received: Dec 06, 2020

Accepted: May 04, 2021

DOI: https://doi.org/10.2478/fcds-2021-0021

Keywords
Data Envelopment Analysis, Resource Allocation, Overall Efficiency

© 2021 Mojtaba Ghiyasi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

A Scenario-based Model for Resource Allocation with Price Information

Published Online: Dec 17, 2021

Page range: 339 - 360

Received: Dec 06, 2020

Accepted: May 04, 2021

DOI: https://doi.org/10.2478/fcds-2021-0021

KeywordsData Envelopment Analysis, Resource Allocation, Overall Efficiency

© 2021 Mojtaba Ghiyasi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Data Envelopment Analysis, Resource Allocation, Overall Efficiency