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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. © 2019, Springer Science+Business Media, LLC, part of Springer Nature.
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Source :
Annals of Operations Research
ISSN: 0254-5330
Year: 2020
Issue: 1
Volume: 288
Page: 115-135
4 . 8 5 4
JCR@2020
4 . 4 0 0
JCR@2023
ESI HC Threshold:132
JCR Journal Grade:1
CAS Journal Grade:3
Cited Count:
SCOPUS Cited Count: 23
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 1
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