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author:

Chen, Lei (Chen, Lei.) [1] (Scholars:陈磊) | Wang, Ying-Ming (Wang, Ying-Ming.) [2] (Scholars:王应明) | Huang, Yan (Huang, Yan.) [3]

Indexed by:

SSCI Scopus SCIE

Abstract:

The arithmetic average method is usually adopted to aggregate cross-efficiency in traditional cross-efficiency methods. However, this method not only underestimates the importance of self-evaluation, but also ignores the subjective preference of decision-makers. This paper thus introduces prospect theory to describe the subjective preference of decision-makers in the aggregation process when they face gains and losses, then a new method is constructed to aggregate cross-efficiency. Based on the differences between the psychological expectations and aggregation results, the expectations are constantly adjusted until a consensus on aggregation results is reached. An aggregation result that is more acceptable to all decision-making units can then be obtained. Finally, the proposed method is applied to aggregate the cross-efficiency of 27 industrial robots to illustrate its effectiveness and convergence.

Keyword:

Consensus process Convergence Data envelopment analysis Efficiency aggregation Prospect theory

Community:

  • [ 1 ] [Chen, Lei]Fuzhou Univ, Sch Econ & Management, Decis Sci Inst, Fuzhou 350108, Fujian, Peoples R China
  • [ 2 ] [Wang, Ying-Ming]Fuzhou Univ, Sch Econ & Management, Decis Sci Inst, Fuzhou 350108, Fujian, Peoples R China
  • [ 3 ] [Huang, Yan]Fuzhou Univ, Sch Econ & Management, Decis Sci Inst, Fuzhou 350108, Fujian, Peoples R China
  • [ 4 ] [Wang, Ying-Ming]Fuzhou Univ, Minist Educ, Key Lab Spatial Data Min & Informat Sharing, Fuzhou 350108, Fujian, Peoples R China
  • [ 5 ] [Huang, Yan]Fujian Agr & Forestry Univ, Coll Comp & Informat Sci, Fuzhou 350002, Fujian, Peoples R China

Reprint 's Address:

  • 王应明

    [Wang, Ying-Ming]Fuzhou Univ, Sch Econ & Management, Decis Sci Inst, Fuzhou 350108, Fujian, Peoples R China;;[Wang, Ying-Ming]Fuzhou Univ, Minist Educ, Key Lab Spatial Data Min & Informat Sharing, Fuzhou 350108, Fujian, Peoples R China

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Source :

ANNALS OF OPERATIONS RESEARCH

ISSN: 0254-5330

Year: 2019

Issue: 1

Volume: 288

Page: 115-135

2 . 5 8 3

JCR@2019

4 . 4 0 0

JCR@2023

ESI Discipline: ENGINEERING;

ESI HC Threshold:150

CAS Journal Grade:3

Cited Count:

WoS CC Cited Count: 19

SCOPUS Cited Count: 33

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 0

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