Title :
Characteristics and Structures of Production Possibility Set Corresponding to WY Model
Author_Institution :
Sch. of Econ., Renmin Univ. of China, Beijing, China
Abstract :
WY model has been proven to be an efficient method for congestion and returns to scale in data envelopment analysis (DEA). One economic application of the WY model is characteristics of empirical production possibility set. In this paper, we apply techniques and methods of transferring a polyhedral cone from its intersection form to its sum form, to identifying an intersection representation of the production possibility set corresponding to WY model. Then we give the characteristics of weak efficient surface and weak production frontier of production possibility set with intersection form. The structures of weak efficient surface and weak production frontier are also discussed. Numerical example is provided for illustration.
Keywords :
data envelopment analysis; economics; possibility theory; WY model; data envelopment analysis; economic application; intersection representation; polyhedral cone; production possibility set; weak production frontier; Banking; Data envelopment analysis; Decision making; Environmental economics; Linear programming; Optimization methods; Power generation economics; Production systems; Public healthcare; Data Envelopment Analysis (DEA); production possibility set;
Conference_Titel :
Computational Sciences and Optimization, 2009. CSO 2009. International Joint Conference on
Conference_Location :
Sanya, Hainan
Print_ISBN :
978-0-7695-3605-7
DOI :
10.1109/CSO.2009.19