PCA-DEA Model for Efficiency Assessment of Transportation Company
Journal Title: Journal of Intelligent Management Decision - Year 2023, Vol 2, Issue 1
Abstract
The road mode of transportation holds a leading position in the world and its upward trend is still noticeable. The aim of this research is to determine the efficiency of the observed transportation company, i.e. efficiency of its business throughout the analyzed period of years, which in this case is from 2018 to 2022. Specifically, in this paper, it has been observed a transportation company located in Bosnia and Herzegovina, which is engaged in road internal and international transportation. An integrated PCA-DEA model was used for efficiency analysis. Six input and four output parameters were defined. Due to the small number of decision-making units, PCA (Principal component analysis) based on 70% of the information of all data collected was first applied, and the number of input-output parameters was reduced to 2 to 1. After that, DEA (Data Envelopment Analysis) was applied to obtain final efficiency values. The results show that the previous year (2022) is the most efficient under the considered conditions and circumstances, and that the company is on the right track, as it increases its efficiency.
Authors and Affiliations
Medina Taletović, Siniša Sremac
Keywords
Related Articles
- EP ID EP752348
- DOI https://doi.org/10.56578/jimd020102
- Views 8
- Downloads 0
Impact of corporate venture capital on digital business transformation: A case study in Germany
With the growing need for digital business transformation, corporate venture capital (CVC) investors have been faced with the challenge of how to deal with this trend. Although digital business transformation and CVC are...
Intelligent Marketing Decision Model Based on Customer Behavior Using Integrated Possibility Theory and K-Means Algorithm
E-commerce is referred as any transaction in which the sale and purchase of goods or services takes place via the Internet and leads to the import or export of goods or services. Supply always needs demand. We need marke...
Measuring Logistics Service Quality Using the SERVQUAL Model
Quality is a key success factor in the market. For the successful performance of a company, it is very important to have high quality and a quality system, and strive for its development and improvement. In this paper, i...
Fuzzy Multi-Criteria Analyses on Green Supplier Selection in an Agri-Food Company
The way agri-food companies conduct business has changed as a result of changes in the market. These companies must start working in a more environmentally friendly manner. This study aims to examine, assess, and compare...
Dynamic Simulation of Differential Driving Cargo Transport Vehicle
With the rapid development of industrial technology, the application fields of AGV are constantly expanding. In this article, a differential vehicle is selected to construct a dynamic model of differential vehicle and es...