A DEA-based approach to ranking multi-criteria alternatives

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2006
Tuncer, Ceren
This thesis addresses the problem of ranking multi-criteria alternatives. A Data Envelopment Analysis (DEA)-based approach, the Method of the Area of the Efficiency Score Graph (AES) is proposed. Rather than assessing the alternatives with respect to the fixed original alternative set as done in the existing DEA-based ranking methods, AES considers the change in the efficiency scores of the alternatives while reducing the size of the alternative set. Producing a final score for each alternative that accounts for the progress of its efficiency score, AES favors alternatives that manage to improve quickly and maintain high levels of efficiency. The preferences of the Decision Maker (DM) are incorporated into the analysis in the form of weight restrictions. The utilization of the AES scores of the alternatives in an incremental clustering algorithm is also proposed. The AES Method is applied to rank MBA programs worldwide, sorting of the programs is also performed using their AES scores. Results are compared to another DEA-based ranking method.

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Citation Formats
C. Tuncer, “A DEA-based approach to ranking multi-criteria alternatives,” M.S. - Master of Science, Middle East Technical University, 2006.