LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

A Combined OCBA–AIC Method for Stochastic Variable Selection in Data Envelopment Analysis

This study introduces a novel approach to enhance variable selection in Data Envelopment Analysis (DEA), especially in stochastic environments where efficiency estimation is inherently complex. To address these challenges, we… Click to show full abstract

This study introduces a novel approach to enhance variable selection in Data Envelopment Analysis (DEA), especially in stochastic environments where efficiency estimation is inherently complex. To address these challenges, we propose a game cross-DEA model to refine efficiency estimation. Additionally, we integrate the Akaike Information Criterion (AIC) with the Optimal Computing Budget Allocation (OCBA) technique, creating a hybrid method named OCBA–AIC. This innovative method efficiently allocates computational resources for stochastic variable selection. Our numerical analysis indicates that OCBA–AIC surpasses existing methods, achieving a lower AIC value. We also present two real-world case studies that demonstrate the effectiveness of our approach in ranking suppliers and tourism companies under uncertainty by selecting the most suitable partners. This research enriches the understanding of efficiency measurement in DEA and makes a substantial contribution to the field of performance management and decision-making in stochastic contexts.

Keywords: variable selection; method; analysis; selection data; ocba aic

Journal Title: Mathematics
Year Published: 2024

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.