TY - JOUR
T1 - Finding the best asset financing alternative
T2 - A DEA-WEO approach
AU - Toloo, Mehdi
AU - Kresta, Aleš
N1 - Funding Information:
The first author gratefully acknowledges the financial support of the Czech Science Foundation (GACR project 14-31593S) and European Social Fund (ESF project CZ.1.07/2.3.00/20.0296). The second author wishes to acknowledge the Czech Science Foundation (GACR project 13-18300P) and the European Social Fund under the opportunity for young researchers (ESF project CZ.1.07/2.3.00/30.0016) for their support.
PY - 2014/9
Y1 - 2014/9
N2 - Measurement of performance is an important activity in identifying weaknesses in managerial efficiency and devising goals for improvement. Data envelopment analysis (DEA) is a mathematical quantitative approach for measuring the performance of a set of similar units. Toloo (2013) extended a DEA approach for finding the most efficient unit considering a data set without explicit inputs. The aim of this paper is to develop DEA models without explicit outputs, henceforth called DEA-WEO, to find the most efficient unit when outputs are not directly considered. The suggested models directly utilize the data without the need of adding a virtual output, whose value is equal to for all units. A real data set involving 139 different alternatives for long-term asset financing provided by Czech banks and leasing companies is taken to illustrate the potential application of the proposed approach.
AB - Measurement of performance is an important activity in identifying weaknesses in managerial efficiency and devising goals for improvement. Data envelopment analysis (DEA) is a mathematical quantitative approach for measuring the performance of a set of similar units. Toloo (2013) extended a DEA approach for finding the most efficient unit considering a data set without explicit inputs. The aim of this paper is to develop DEA models without explicit outputs, henceforth called DEA-WEO, to find the most efficient unit when outputs are not directly considered. The suggested models directly utilize the data without the need of adding a virtual output, whose value is equal to for all units. A real data set involving 139 different alternatives for long-term asset financing provided by Czech banks and leasing companies is taken to illustrate the potential application of the proposed approach.
KW - Asset financing
KW - Common set of weights
KW - Data envelopment analysis
KW - Data without explicit outputs
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U2 - 10.1016/j.measurement.2014.05.015
DO - 10.1016/j.measurement.2014.05.015
M3 - Article
AN - SCOPUS:84902676228
SN - 0263-2241
VL - 55
SP - 288
EP - 294
JO - Measurement: Journal of the International Measurement Confederation
JF - Measurement: Journal of the International Measurement Confederation
ER -