Logo image
Assessing Performance of Organizations Under Uncertainty: An Application in Higher Education
Conference proceeding

Assessing Performance of Organizations Under Uncertainty: An Application in Higher Education

A. Hatami-Marbini, A. Arabmaldar and M. Toloo
11/08/2021

Abstract

Efficiency Education Data envelopment analysis
Data envelopment analysis (DEA) is an established approach to measure the efficiency of a group of firms. Amongst many existing DEA models, enhanced Russell measure (ERM) has received some attention and it minimises the ratio of average input reduction to average output increase. In the original ERM, observations are assumed to be precise but in reality, it is always true. This paper presents a class of robust optimisation models to deal with uncertainty with a high degree of robustness in the ERM models. In addition, this study leverages the Monte-Carlo simulation to give an appropriate range for the budget of uncertainty approving the highest level of conformity for the ranking of units. An application on the Master of Business Administration (MBA) programmes is presented.

Metrics

1 Record Views

Details

Logo image

Usage Policy