Tag: dea cost efficiency

GM (1,1) modeling is a popular grey forecasting method because of its computational efficiency. There are many challenges in GM (1,1) modeling, but they are solvable using MS Excel. This article is a detailed guide on how to overcome these challenges.

Differences between Multi-stage and Cost- data envelopment analysis (DEA) was also discussed. However, the article will only interpret the results from cost efficiency analysis from the constant returns to scale (CRS) frontier.

In the previous article, discussed and interpreted the findings of cost efficiency using constant returns to scale (CRS) Cost Data Envelopment Analysis (DEA).

The cost efficiency analysis or cost data envelopment analysis or cost DEA is evaluated when information on prices and costs are available from the source of the data collected for input and output variables (Cooper, Seiford, & Zhu, 2011).