A Scenario-based Model for Resource Allocation with Price Information

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.

Publication DOI: https://doi.org/10.2478/fcds-2021-0021
Divisions: College of Business and Social Sciences > Aston Business School > Operations & Information Management
College of Business and Social Sciences > Aston Business School
Additional Information: © 2021 Mojtaba Ghiyasi et al., published by Sciendo This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Uncontrolled Keywords: Data Envelopment Analysis,Overall Efficiency,Resource Allocation,Theoretical Computer Science,General Computer Science
Publication ISSN: 2300-3405
Last Modified: 16 Jul 2024 07:23
Date Deposited: 04 Jan 2022 10:55
Full Text Link:
Related URLs: https://www.sci ... /fcds-2021-0021 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2021-12-01
Accepted Date: 2021-05-04
Authors: Ghiyasi, Mojtaba
Dehnokhalaji, Akram (ORCID Profile 0000-0002-2751-0719)

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