Some Thoughts on Operationalizing the Concept of Sufficiency in Efficiency Analysis
In: International Journal of Management and Sustainability, Vol. 7 (2018), No. 1, pp. 63 - 71
2018article/chapter in journalOA Gold
EconomicsFaculty of Business Administration and Economics » Business Administration » Production and Industrial Information Management
Related: 1 publication(s)
Title in English:
Some Thoughts on Operationalizing the Concept of Sufficiency in Efficiency Analysis
Author:
Zelewski, StephanUDE
- GND
- 111544300
- LSF ID
- 5215
- ORCID
-
0000-0003-3830-0618
- Other
- connected with university
Year of publication:
2018
Open Access?:
OA Gold
Note:
CA Zelewski
Language of text:
English
Place of publication:
Rahim Yar Kan
Publisher:
Pak Publ. Group
in:
Vol. 7 (2018), No. 1, pp. 63 - 71
ISSN
ISSN
ZDB ID
Type of resource:
Text
Abstract:
The concept of sufficiency is rarely acknowledged in mainstream business economics and has not been addressed so far in the literature on efficiency analysis. In this paper, satisficing levels as known from the Efficiency Analysis Technique With Output Satisficing (EATWOS) and from its extension Efficiency Analysis Technique With Input and Output Satisficing (EATWIOS) are suggested to operationalize sufficiency in efficiency analysis. Moreover, a simple data transformation approach is proposed in order to use satisficing levels in other efficiency analysis techniques, particularly in the widely used Data Envelopment Analysis (DEA).