Value Efficiency Analysis

Most Preferred Unit-Based Approach
  • Tarja Joro
  • Pekka J. Korhonen
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 218)


A basic assumption in multiple criteria decision-making research is that there is no objectively best solution for the problem. The best solution depends on a rational DM’s preferences. The term “rational” means that the DM wants to choose the solution for which there is no other solution that is equally good on all given criteria and better at least on one criterion. As we have defined in Chap.  4, such solutions are called nondominated.


Value Efficiency Analysis Efficiency Scores Pseudoconcave Tangent Cone Inefficiency Values 
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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  • Tarja Joro
    • 1
  • Pekka J. Korhonen
    • 2
  1. 1.Department of Accounting, Operations and Information Systems Alberta School of BusinessUniversity of AlbertaEdmontonCanada
  2. 2.Department of Information and Service Economy School of BusinessAalto UniversityHelsinkiFinland

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