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1 – 10 of over 6000
Article
Publication date: 26 January 2023

Somayye Karimi Omshi, Sohrab Kordrostami, Alireza Amirteimoori and Armin Ghane Kanafi

Data envelopment analysis (DEA) is a significant method for measuring the relative efficiency of decision making units (DMUs) that use the least inputs, produce the most desirable…

Abstract

Purpose

Data envelopment analysis (DEA) is a significant method for measuring the relative efficiency of decision making units (DMUs) that use the least inputs, produce the most desirable outputs and emit the least undesirable outputs in order to maximize their profits. In DEA, detecting an optimal scale size (OSS) is also vital and could be more applicable in economic activities when there are integer and undesirable measures. The purpose of this research is to measure average-profit efficiency (APE) and OSSs with integer data and undesirable outputs.

Design/methodology/approach

This study presents an alternative concept of APE using the concepts of most productive scale size (MPSS), profit efficiency and scales, containing desirable and undesirable outputs along with integer and non-integer measures. In fact, the OSS minimizes APE as the optimal scale, which is the ratio of the profit efficiency to the radial average output. Considering the prices of the inputs and desirable outputs, as well as the lack of any specific weight for the undesirable outputs, a two-step model for the numerical calculation of OSS is presented. In addition, the proposed approach is applied to a real data set of Iranian gas companies while there are integer measures and undesirable outputs.

Findings

The results show the introduced approach is beneficial to estimate OSSs from the aspect of maximizing profits of firms with undesirable outputs and integer values.

Originality/value

Estimating OSSs is the significant issue for managers, but its investigation in the presence of integer measures and undesirable outputs is presently under-considered.

Details

Journal of Economic Studies, vol. 50 no. 7
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 10 February 2023

Rokhsaneh Yousef Zehi and Noor Saifurina Nana Khurizan

Uncertainty in data, whether in real-valued or integer-valued data, may result in infeasible optimal solutions or unreliable efficiency scores and ranking of decision-making…

Abstract

Purpose

Uncertainty in data, whether in real-valued or integer-valued data, may result in infeasible optimal solutions or unreliable efficiency scores and ranking of decision-making units. To handle the uncertainty in integer-valued factors in data envelopment analysis (DEA) models, this study aims to propose a robust DEA model which is applicable in the presence of such factors.

Design/methodology/approach

This research focuses on the application of fuzzy interpretation of efficiency to a mixed-integer DEA (MIDEA) model. The robust optimization approach is used to address the uncertain integer-valued parameters in the proposed MIDEA model.

Findings

In this study, the authors proposed an MIDEA model without any equality constraint to avoid the arise problem by such constraints in the construction of the robust counterpart of the conventional MIDEA models. We have studied the characteristics and conditions for constructing the uncertainty set with uncertain integer-valued parameters and a robust MIDEA model is proposed under a combined box-polyhedral uncertainty set. The applicability of the developed models is shown in a case study of Malaysian public universities.

Originality/value

This study develops an MIDEA model equivalent to the conventional MIDEA model excluding any equality constraint which is crucial in robust approach to avoid restricted feasible region or infeasible solutions. This study proposes a robust DEA approach which is applicable in cases with uncertain integer-valued parameters, unlike previous studies in robust DEA field where uncertain parameters are generally assumed to be only real-valued.

Details

Journal of Modelling in Management, vol. 19 no. 1
Type: Research Article
ISSN: 1746-5664

Keywords

Article
Publication date: 10 November 2020

Anna Lövström, Johan Malmqvist and Constanta Olteanu

The aim of this study is to investigate achievement profiles in mathematics when integers are taught in a learning study in grade three (to children 8–9 years old) and to explore…

Abstract

Purpose

The aim of this study is to investigate achievement profiles in mathematics when integers are taught in a learning study in grade three (to children 8–9 years old) and to explore to what extent students with such profiles participate in inclusive teaching and learning practices.

Design/methodology/approach

Data from a previous learning study are re-analysed, supported by a framework that enables the investigation of inclusive practices. In the present study, inclusion and achievement are viewed as interrelated, meaning that student achievement must be incorporated in the definition of inclusion. The analysis is based on documentation of a video-recorded lesson and on identical tests conducted before and after the lesson.

Findings

The general framing of the learning study indicates an inclusive practice, while pre- and post-test achievement together with data from the lesson reveal a mixed picture concerning student achievement and inclusion. The analysis of the pre- and post-test results for the 16 students in the class indicates considerable diversity in student achievement, resulting in four achievement profiles. The main conclusion is that some students gained from participating in the learning study lesson while others did not. The extensive analysis of four students' participation, one for each profile, shows that differences in student achievement are related to the extent to which students participate in inclusive teaching and learning practices.

Originality/value

While previous research on learning studies has mainly considered average student achievement, this study focuses on individual variation in achievement and the reasons for it, a matter largely neglected in previous learning study research.

Details

International Journal for Lesson & Learning Studies, vol. 10 no. 1
Type: Research Article
ISSN: 2046-8253

Keywords

Article
Publication date: 3 February 2022

Balal Karimi, Majid Azadi, Reza Farzipoor Saen and Samuel Fosso Wamba

The objective of this study is to present a binary-valued data envelopment analysis (DEA) theory. The authors’ proposed approach, for the first time, combines binary-valued and…

Abstract

Purpose

The objective of this study is to present a binary-valued data envelopment analysis (DEA) theory. The authors’ proposed approach, for the first time, combines binary-valued and integer-valued theories concurrently in the DEA context. To do so, new production possibility sets (PPSs) with some distinguished features are developed.

Design/methodology/approach

The authors address integer inputs and outputs in the proposed approach by introducing a new PPS.

Findings

To take into account the binary data, the authors develop axiomatic DEA principles. The binary production principles guarantee any combination of convexity and feasibility. Furthermore, the authors develop a new DEA model to consider integer and real data. A case study is presented to show the usefulness of the developed models. Using the proposed models, the authors obtained benchmarks to solve the sustainable supplier selection problems.

Originality/value

(1) For the first time, binary-valued and integer-valued theories are presented in an integrated DEA model. (2) To deal with the pure binary data, a new PPS is proposed. (3) To consider real, integer and binary data, a new PPS is introduced. (4) New technologies are developed to propose feasible solutions. (5) The proposed models can project inefficient decision-making units (DMUs) on efficiency frontier given binary, integer and real data. (6) A case study is given for the performance evaluation of sustainable suppliers.

Details

Industrial Management & Data Systems, vol. 122 no. 3
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 28 October 2014

Qiming Wang

The purpose of this paper is to, using a large sample of NASDAQ initial public offerings (IPOs), examine the evolution of integer price clustering of IPOs in the aftermarket…

Abstract

Purpose

The purpose of this paper is to, using a large sample of NASDAQ initial public offerings (IPOs), examine the evolution of integer price clustering of IPOs in the aftermarket trading.

Design/methodology/approach

Consistent with Harris’s (1991) costly negotiation hypothesis, clustering on integer prices is a positive function of price level and various stock valuation uncertainty proxies, and it is a negative function of trading activities for IPOs and seasoned stocks.

Findings

It was found that, after controlling for price level, daily return volatility, number of trades, trading volume, number of market makers and the effect of price support, the integer price frequency of IPOs converge to that of seasoned stocks immediately, and whether IPOs have integer offer prices does not affect their integer price clustering in the aftermarket trading after the effect of price support is controlled for.

Originality/value

These results suggest that the IPO pricing process significantly reduce the differences between integer priced IPOs and non-integer priced IPOs in pre-offering valuation uncertainty.

Details

Nankai Business Review International, vol. 5 no. 4
Type: Research Article
ISSN: 2040-8749

Keywords

Book part
Publication date: 6 November 2013

Bartosz Sawik

This chapter presents the survey of selected linear and mixed integer programming multi-objective portfolio optimization. The definitions of selected percentile risk measures are…

Abstract

This chapter presents the survey of selected linear and mixed integer programming multi-objective portfolio optimization. The definitions of selected percentile risk measures are presented. Some contrasts and similarities of the different types of portfolio formulations are drawn out. The survey of multi-criteria methods devoted to portfolio optimization such as weighting approach, lexicographic approach, and reference point method is also presented. This survey presents the nature of the multi-objective portfolio problems focuses on a compromise between the construction of objectives, constraints, and decision variables in a portfolio and the problem complexity of the implemented mathematical models. There is always a trade-off between computational time and the size of an input data, as well as the type of mathematical programming formulation with linear and/or mixed integer variables.

Article
Publication date: 1 May 1990

Usha Sharma and K.B. Misra

A large number of research articles have appeared in the literature during the last two decades on the subject of system reliability optimisation, each with a view to providing…

Abstract

A large number of research articles have appeared in the literature during the last two decades on the subject of system reliability optimisation, each with a view to providing simple, exact and efficient techniques. Here, an efficient, fast and exact technique is proposed for solving integer‐programming problems that normally arise in optimal reliability design problems. The algorithm presented is superior to any of the earlier methods available so far, being based on functional evaluations and a limited systematic search close to the boundary of resources. Thus it can quickly solve even very large system problems. It can also be effectively used with other operations research problems involving integer‐programming formulations.

Details

International Journal of Quality & Reliability Management, vol. 7 no. 5
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 20 February 2007

G. Mora and Y. Cherruault

To use α‐dense curves for solving an optimization problem with constraints involving integer variables.

164

Abstract

Purpose

To use α‐dense curves for solving an optimization problem with constraints involving integer variables.

Design/methodology/approach

α‐dense curves are curves in Rn depending on a single variable able to approximate a compact KRn with precision α. It is proposed α‐dense curves allowing to obtain all integer points of a compact domain in Rn. This transformation allows to transform the functional into a new function depending on a single variable. Then we can calculate the global optimum of the functional.

Findings

Alienor method invented by Y. Cherruault allows to find global minimum of n‐continuous variables functions. Here, α‐dense curves are extended to problems involving integer variables. The curves pass through all points having integer coordinates and belonging to the compact domain. By this method integer programming (nonlinear) problems arising in operational research have been easily and exactly solved.

Originality/value

It is the first time the technique based on α‐dense curves to optimization problems with integer variables are extended. This approach is totally original and allows to solve very easily and fastly nonlinear optimization problems.

Details

Kybernetes, vol. 36 no. 2
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 2 March 2012

Esther Claudine Bitye Mvondo, Yves Cherruault and Jean‐Claude Mazza

The purpose of this paper is to use α‐dense curves for solving Boolean equations, 0‐1 integer programming problems such as the shortest path problem or the knapsack problem.

Abstract

Purpose

The purpose of this paper is to use α‐dense curves for solving Boolean equations, 0‐1 integer programming problems such as the shortest path problem or the knapsack problem.

Design/methodology/approach

The paper's aim is to present the applications in Boolean algebra and 0‐1 integer programming of a new method based on α‐dense curves first developed at the beginning of the 1980s by Yves Cherruault and Arthur Guillez. The α‐dense curves generalize the space filling curves (Peanocurves,…) and fractal curves. The main idea consists in expressing n variables by means of a single one.

Findings

Apply the method to Boolean algebra and 0‐1 integer programming.

Originality/value

The paper presents a new method based on α‐dense curves for solving Boolean equations and 0‐1 integer programming problems.

Article
Publication date: 15 February 2008

Amy H.I. Lee and He‐Yau Kang

This paper seeks to construct a model for inventory management for multiple periods. The model considers not only the usual parameters, but also price quantity discount, storage…

1401

Abstract

Purpose

This paper seeks to construct a model for inventory management for multiple periods. The model considers not only the usual parameters, but also price quantity discount, storage and batch size constraints.

Design/methodology/approach

Mixed 0‐1 integer programming is applied to solve the multi‐period inventory problem and to determine an appropriate inventory level for each period. The total cost of materials in the system is minimized and the optimal purchase amount in each period is determined.

Findings

The proposed model is applied in colour filter inventory management in thin film transistor‐liquid crystal display (TFT‐LCD) manufacturing because colour filter replenishment has the characteristics of price quantity discount, large product size, batch‐sized purchase and forbidden shortage in the plant. Sensitivity analysis of major parameters of the model is also performed to depict the effects of these parameters on the solutions.

Practical implications

The proposed model can be tailored and applied to other inventory management problems.

Originality/value

Although many mathematical models are available for inventory management, this study considers some special characteristics that might be present in real practice. TFT‐LCD manufacturing is one of the most prosperous industries in Taiwan, and colour‐filter inventory management is essential for TFT‐LCD manufacturers for achieving competitive edge. The proposed model in this study can be applied to fulfil the goal.

Details

Kybernetes, vol. 37 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

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