Have a personal or library account? Click to login
A Scenario-based Model for Resource Allocation with Price Information Cover

A Scenario-based Model for Resource Allocation with Price Information

Open Access
|Dec 2021

Abstract

In this paper, we consider the problem of allocating resources among Decision Making Units (DMUs). Regarding the concept of overall (cost) efficiency, we consider three different scenarios and formulate three Resource Allocation (RA) models correspondingly. In the first scenario, we assume that overall efficiency of each unit remains unchanged. The second scenario is related to the case where none of overall efficiency scores is deteriorated. We improve the overall efficiencies by a pre-determined percentage in the last scenario. We formulate Linear Programming problems to allocate resources in all scenarios. All three scenarios are illustrated through numerical and empirical examples.

DOI: https://doi.org/10.2478/fcds-2021-0021 | Journal eISSN: 2300-3405 | Journal ISSN: 0867-6356
Language: English
Page range: 339 - 360
Submitted on: Dec 6, 2020
Accepted on: May 4, 2021
Published on: Dec 17, 2021
Published by: Poznan University of Technology
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2021 Mojtaba Ghiyasi, Akram Dehnokhalaji, published by Poznan University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.