Abstract
It has been well recognized that to thoroughly evaluate a firm's performance, the evaluator must assess not only its past and present records but also future potential. However, to the best of our knowledge, there are no data envelopment analysis (DEA)-type models proposed in the literature that simultaneously take past, present and, especially, future performance indicators into account. Hence, this research aims at developing a new type of DEA model referred to as Intertemporal DEA models that can be used to fully measure a firm's efficiency by explicitly considering its key inputs and outputs involving the past-present-future time span. In this research, the proposed Intertemporal DEA models are applied to the performance evaluation of high-tech Integrated Circuit design companies in Taiwan to demonstrate their advantages over other DEA models that ignore intertemporal efficiency.
Original language | English |
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Pages (from-to) | 16-32 |
Number of pages | 17 |
Journal | Journal of the Operational Research Society |
Volume | 66 |
Issue number | 1 |
DOIs | |
State | Published - 1 Jan 2015 |
Keywords
- Data envelopment analysis
- Dynamic
- Intertemporal
- Market value
- Performance evaluation
- R&D