A Scenario-based Model for Resource Allocation with Price Information

Autor: Ghiyasi Mojtaba, Dehnokhalaji Akram
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Foundations of Computing and Decision Sciences, Vol 46, Iss 4, Pp 339-360 (2021)
Druh dokumentu: article
ISSN: 2300-3405
DOI: 10.2478/fcds-2021-0021
Popis: 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.
Databáze: Directory of Open Access Journals