Where Is the Efficiency Frontier?
Lecture no. 14 from the course: Mathematical Decision Making: Predictive Models and Optimization
Taught by Professor Scott P. Stevens | 31 min | Categories: The Great Courses Plus Online Mathematics Courses
Rating the efficiency of an operation is difficult if multiple inputs and outputs are involved. This often happens when trying to evaluate productivity among non-profits or government programs. Learn to use a popular technique that makes such comparisons simple, thanks to data envelopment analysis.