Enhanced Performance Evaluation Through Neutrosophic Data Envelopment Analysis Leveraging Pentagonal Neutrosophic Numbers
Journal Title: Journal of Operational and Strategic Analytics - Year 2023, Vol 1, Issue 2
Abstract
Neutrosophic sets, expanded from the constructs of fuzzy and intuitionistic fuzzy sets, can accommodate degrees of truth, indeterminacy, and falsity for each element. This attribute equips them with an aptitude for a more refined interpretation of ambiguous or uncertain data. This study presents an innovative application of Neutrosophic Data Envelopment Analysis (Neu-DEA), incorporating pentagonal neutrosophic numbers in both input and output data. This novel methodology involves the transformation of traditional DEA models into a Pentagonal neutrosophic DEA model, subsequently converting it into a Crisp Linear Programming (CrLP) model. A unique ranking function is integral to this process. Performance evaluation of decision-making units (DMUs) is accomplished through the resolution of the CrLP model, with subsequent ranking of the DMUs based on their relative efficiency scores. The utility and effectiveness of this novel technique is validated through a numerical example.
Authors and Affiliations
Kshitish Kumar Mohanta, Oguz Toragay
Keywords
Related Articles
- EP ID EP731952
- DOI https://doi.org/10.56578/josa010204
- Views 46
- Downloads 0
Estimating Revenue Efficiency in Indian General Insurance Companies: A Semi-parametric Econometric Approach
In the realm of general insurance in India, an econometric investigation was conducted to estimate the revenue efficiency across a selection of 15 prominent, diversified general insurance entities for the fiscal years 20...
Optimizing Business Value via It Governance Mechanisms: An Examination of SMEs in Southern Minas Gerais, Brazil
IT, increasingly recognized as a vital contributor to competitive advantage, plays an indispensable role in augmenting business value. Effective implementation of IT Governance (ITG) mechanisms, comprising structures of...
Leveraging Self-Management for Enhanced Productivity: Insights from Tehran's Water Sector
This study was undertaken to elucidate the influence of self-management on the productivity levels of personnel within the Water and Wastewater Department, District 2, Tehran, utilizing a descriptive survey method that e...
Evaluation of Customer Value-Based Pricing Strategies in Hainan’s Travel Agencies under a Free Trade Port Framework
In the context of the free trade port initiative, an in-depth investigation into the pricing strategies of Hainan's travel agencies was conducted, focusing on the pivotal role of customer value. This study employed empir...
Optimizing Decision-Making Through Customer-Centric Market Basket Analysis
In the realm of understanding consumer purchasing behaviors and refining decision-making across diverse sectors, Market Basket Analysis (MBA) emerges as a pivotal technique. Traditional algorithms, such as Apriori and Fr...