Analysis of Marginal Rate of Substitution in the Presence of Undesirable Factors Using Data Envelopment Analysis

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Bozorgi Gardavisheh F.; SOUFI M.; AMIRTEIMOORI A.R.; HOMAYOUNFAR M.

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Journal: Journal of Operational Research in its Applications Year:2022 | Volume:18 | Issue:4 (71) Page(s): 103-119

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Title

Analysis of Marginal Rate of Substitution in the Presence of Undesirable Factors Using Data Envelopment Analysis

Author(s)

Bozorgi Gardavisheh F. | SOUFI M. | AMIRTEIMOORI A.R. | HOMAYOUNFAR M. | Issue Writer Certificate

Keywords

Data Envelopment Analysis

Efficiency

Undesirable Outputs

Managerial Disposability

Marginal Rates of Substitution

Abstract

In addition to desirable outputs, organizations always produce Undesirable Outputs. By examining the impact of these outputs on inputs and desirable outputs, important information can be obtained to determine strategies and guidelines for better decision-making by managers. The main purpose of this study is to calculate the Marginal Rates of Substitution of branches of one of the commercial banks by considering undesirable factors; which offers a new approach to Data Envelopment Analysis to measure the performance of organizations and marginal ratios by considering the two principles of weak disposability and Managerial Disposability and non-discretionary factors. The concept of weak disposability indicates the increase of Undesirable Outputs through the reduction of inputs; in contrast, the concept of Managerial Disposability, the reduction of Undesirable Outputs by increasing in one of the inputs through technological innovations. This research has been done in two phases. In the first phase, the efficient branches of the commercial bank were identified through the developed model of Data Envelopment Analysis. Then, in the second stage, the Marginal Rates of Substitution of Undesirable Outputs to the desired outputs and inputs in the efficient branches of banks were calculated. The results showed that the change in the amount of Undesirable Outputs has a significant effect on other factors. Also, non-discretionary factors are not ineffective in producing Undesirable Outputs.

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APA: Copy

Bozorgi Gardavisheh, F., SOUFI, M., AMIRTEIMOORI, A.R., & HOMAYOUNFAR, M.. (2022). Analysis of Marginal Rate of Substitution in the Presence of Undesirable Factors Using Data Envelopment Analysis. JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS), 18(4 (71) ), 103-119. SID. https://sid.ir/paper/957450/en

Vancouver: Copy

Bozorgi Gardavisheh F., SOUFI M., AMIRTEIMOORI A.R., HOMAYOUNFAR M.. Analysis of Marginal Rate of Substitution in the Presence of Undesirable Factors Using Data Envelopment Analysis. JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS)[Internet]. 2022;18(4 (71) ):103-119. Available from: https://sid.ir/paper/957450/en

IEEE: Copy

F. Bozorgi Gardavisheh, M. SOUFI, A.R. AMIRTEIMOORI, and M. HOMAYOUNFAR, “Analysis of Marginal Rate of Substitution in the Presence of Undesirable Factors Using Data Envelopment Analysis,” JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS), vol. 18, no. 4 (71) , pp. 103–119, 2022, [Online]. Available: https://sid.ir/paper/957450/en

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