A Scenario-based Model for Resource Allocation with Price Information

Mojtaba Ghiyasi, Akram Dehnokhalaji

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish
Pages (from-to)339-360
Number of pages22
JournalFoundations of Computing and Decision Sciences
Volume46
Issue number4
DOIs
Publication statusPublished - 1 Dec 2021

Bibliographical note

© 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
  • Overall Efficiency
  • Resource Allocation

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