Applications of Value Efficiency Analysis
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In this chapter we report three real-life applications of value efficiency analysis. The first one looks into the efficiency of academic research (Korhonen et al. 2001), the second one discusses benchmarking and applies value efficiency analysis into efficiency of parishes (Halme and Korhonen 2013), and the last one investigates the efficiency of bank branches using non-convex value efficiency analysis (Halme et al. 2014). Please note that the scores reported are efficiency scores—this is possible given that the combined orientation has not been used.
KeywordsData Envelopment Analysis Efficiency Score Efficiency Analysis Preference Information Efficient Frontier
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