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Transactions: WSEAS TRANSACTIONS ON INFORMATION SCIENCE AND APPLICATIONS
Transactions ID Number: 42-247
Full Name: Wei-Wen Wu
Position: Associate Professor
Age: ON
Sex: Male
Address: 1. Ta Hwa Road, Chiung-Lin, Hsin-Chu 307
Country: TAIWAN
Tel: +886-3-592-7700ex2900
Tel prefix:
Fax: +886-3-592-5715
E-mail address: itmike@thit.edu.tw
Other E-mails: miketina@ms5.hinet.net
Title of the Paper: A hybrid solution for efficiency evaluation and ranking using DEA and Grey entropy
Authors as they appear in the Paper: Wei-Wen Wu
Email addresses of all the authors: itmike@thit.edu.tw
Number of paper pages: 10
Abstract: The efficiency evaluation and ranking is a sort of mu1tiple criteria decision-making (MCDM) problem involving several complex factors. Very often, using an MCDM method requires experts to express their opinions in terms of criterion weighting, according to their knowledge and experience. Among MCDM methods, Data Envelopment Analysis (DEA) can perform the tasks of efficiency evaluation and ranking without previously having weighted the criteria, while Grey entropy can objectively uncover criterion weights with no need of additional information. Additionally, a robust efficiency evaluation or ranking system should not rely on single MCDM method, because different MCDM methods may produce dissimilar results together with disparate implications. This paper therefore proposes a hybrid solution for ranking the results of efficiency evaluations using DEA and Grey entropy.
Keywords: efficiency evaluation, MCDM, DEA, Grey entropy
EXTENSION of the file: .pdf
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