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- Title
A Relative Closeness Coefficient Model Based on the Distance of Virtual DMUs Cross-Efficiency Method for Ranking Thai Economic Development.
- Authors
Wichapa, Narong; Sodsoon, Suphan
- Abstract
Economic development is a process that seeks to improve economic well-being to enhance the quality of life of a community. So, sustainable economic development is an important goal for all countries. In this study, the crossefficiency scores of each decision-making unit (DMU) were calculated using the virtual DMUs cross-efficiency approach, which is based on the distance between ideal and anti-ideal DMUs. The interval cross-efficiency matrix was generated using the viewpoints of minimization and maximization of the objective function (Virtual DMUs distance) of the virtual DMUs cross-efficiency method. After that, we formulated a novel optimization model based on the perspectives of TOPSIS, called the relative closeness coefficient model (RCC model), to convert interval cross-efficiency scores into crisp scores for ranking the DMUs. The proposed method was validated using four numerical examples involving six nursing homes, fourteen bank branches, fourteen international passenger airlines, and the economic development of twenty Thai provinces. The ranking results were compared with other cross-efficiency method rankings. The results show that the ranking results derived from the proposed method were easy to use but effective for solving DEA ranking problems.
- Subjects
DIESEL multiple units; ECONOMIC development; SUSTAINABLE development; TOPSIS method; FLIGHT; BRANCH banks; DATA envelopment analysis
- Publication
Engineering Letters, 2023, Vol 31, Issue 1, p122
- ISSN
1816-093X
- Publication type
Article