Yıl 2018, Cilt 5, Sayı 2, Sayfalar 370 - 388 2018-05-14

Efficiency Measurement With A Three-Stage Hybrid Method

İrfan Ertuğrul [1] , Tayfun Öztaş [2]

22 18

Data Envelopment Analysis (DEA) is one of the most widely used efficiency measurement techniques in the literature. In the method developed by Charnes, Cooper, and Rhodes, the relation between input(s) and output(s) is examined and relative efficiency values are obtained for many decision-making units. In order to be able to accurately measure the efficiency with Data Envelopment Analysis, the selection of input and output variables needs to be done carefully otherwise, the results may be misleading. For this purpose, it is aimed to make an objective selection process by using Grey Relational Analysis (GRA) in the identification of variables in the study. Via this method 17 financial ratios of 20 firms in the BIST Food Index for the period of 2013-2015 categorized into 4 groups, then each category clustered and the ratios which have the highest correlation within each cluster selected as representative indicator. Thus, 3 inputs and 2 output variables were selected so that the number of variables was reduced from 17 to 5.  An input-oriented BCC model was established with selected variables to determine the efficiencies of firms in each period. The Malmquist Total Factor Productivity Index was used to analyze the productivity changes between periods. It was concluded that 7 firms were efficient in each year and the productivity of the sector increased between the periods as a result of the analysis.

Efficiency measurement, Grey Relational Analysis, Data Envelopment Analysis, Malmquist index, Clustering
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Birincil Dil en
Konular Eğitim Bilimleri
Yayımlanma Tarihi July
Dergi Bölümü Makaleler
Yazarlar

Orcid: orcid.org/0000-0002-5283-191X
Yazar: İrfan Ertuğrul
E-posta: iertugrul@pau.edu.tr

Orcid: orcid.org/0000-0001-8224-5092
Yazar: Tayfun Öztaş (Sorumlu Yazar)
E-posta: toztas@pau.edu.tr

Bibtex @araştırma makalesi { ijate423602, journal = {International Journal of Assessment Tools in Education}, issn = {}, address = {İzzet KARA}, year = {2018}, volume = {5}, pages = {370 - 388}, doi = {10.21449/ijate.423602}, title = {Efficiency Measurement With A Three-Stage Hybrid Method}, key = {cite}, author = {Ertuğrul, İrfan and Öztaş, Tayfun} }
APA Ertuğrul, İ , Öztaş, T . (2018). Efficiency Measurement With A Three-Stage Hybrid Method. International Journal of Assessment Tools in Education, 5 (2), 370-388. DOI: 10.21449/ijate.423602
MLA Ertuğrul, İ , Öztaş, T . "Efficiency Measurement With A Three-Stage Hybrid Method". International Journal of Assessment Tools in Education 5 (2018): 370-388 <http://dergipark.gov.tr/ijate/issue/35703/423602>
Chicago Ertuğrul, İ , Öztaş, T . "Efficiency Measurement With A Three-Stage Hybrid Method". International Journal of Assessment Tools in Education 5 (2018): 370-388
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