Congestion is an economic phenomenon of the production process in which the excessive values of inputs lead to a reduction of the outputs. As the existence of congestion makes to increase costs and decreases efficiency, this issue is not acceptable for decision makers. Hence, many methods have been proposed to detect the congestion in the Data Envelopment Analysis framework (DEA).
View Article and Find Full Text PDFAn effective method for evaluating the efficiency of peer decision-making units (DMUs) is data envelope analysis (DEA). In engineering sciences and real-world management problems, uncertainty in input and output data always exists. To achieve reliable results, uncertainties must be taken into account.
View Article and Find Full Text PDFUnlabelled: In recent years, the hyper-competitive marketplace has led to a drastic enhancement in the importance of the supply chain problem. Hence, the attention of managers and researchers has been attracted to one of the most crucial problems in the supply chain management area called the supply chain network design problem. In this regard, this research attempts to design an integrated forward and backward logistics network by proposing a multi-objective mathematical model.
View Article and Find Full Text PDFPortfolio construction is one of the most critical problems in financial markets. In this paper, a new two-phase robust portfolio selection and optimization approach is proposed to deal with the uncertainty of the data, increasing the robustness of investment process against uncertainty, decreasing computational complexity, and comprehensive assessments of stocks from different financial aspects and criteria are provided. In the first phase of this approach, all candidate stocks' efficiency is measured using a robust data envelopment analysis (RDEA) method.
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