Interactive multiobjective DEA target setting using lexicographic DDF

Authors:
Publisher website
Google Scholar
Abstract
In this paper, a new interactive multiobjective target setting approach based on lexicographic directional distance function (DDF) method is proposed. Lexicographic DDF computes efficient targets along a specified directional vector. The interactive multiobjective optimization approach consists in several iteration cycles in each of which the Decision Making Unit (DMU) is presented a fixed number of efficient targets computed corresponding to different directional vectors. If the DMU finds one of them promising, the directional vectors tried in the next iteration are generated close to the promising one, thus focusing the exploration of the efficient frontier on the promising area. In any iteration the DMU may choose to finish the exploration of the current region and restart the process to probe a new region. The interactive process ends when the DMU finds its most preferred solution (MPS).
Funding Information
  • Spanish Ministry of Economy, Industry and Competitiveness and the European Regional Development Fund (DPI2017- 85343-P)
  • Ministry of Science, Research and Technology of the Islamic Republic of Iran

This publication has 44 references indexed in Scilit: