DATE: 21 MAY 2024 TIME: 9 AM - 11 AM (MALAYSIAN TIME) PLATFORM: GOOGLE MEET
What is DEA?
Data Envelopment Analysis (DEA) is a powerful mathematical modelling technique used in the field of operations research and management science to assess the relative efficiency of decision-making units (DMUs). DEA is employed to evaluate the efficiency of multiple entities (DMUs) that transform inputs into outputs. The primary goal is to identify the most efficient units and offer insights into improving the performance of less efficient ones. DEA assesses efficiency by comparing the input-output performance of DMUs. It uses a non- parametric approach which does not require specific functional forms for relationships between inputs and outputs. DEA focuses on finding a "production frontier" that represents the maximum output attainable from a given set of inputs. DEA considers both input and output variables. Inputs are the resources or factors used in the production process, while outputs are the products or services generated. The selection of these variables is crucial, and DEA allows for flexibility in defining them based on the specific context of the analysis. DEA assigns efficiency scores to each DMU, ranging from 0 to 1. A score of 1 indicates perfect efficiency, meaning the unit is operating on the production frontier, while lower scores denote relative inefficiency. Units with scores below 1 have room for improvement.
DEA includes different models, such as input-oriented and output-oriented models, radial and non-radial models, and constant returns to scale (CRS) and variable returns to scale (VRS) models. Each model addresses specific variations in the efficiency evaluation process. DEA has been widely applied in various sectors, including banking, healthcare, education, manufacturing, and public administration. It helps organizations identify best practices, allocate resources more effectively, and enhance overall performance. In summary, Data Envelopment Analysis is a valuable method for evaluating the relative efficiency of decision-making units, offering insights that can guide improvements in performance and resource allocation across diverse industries.
About The Speaker
Nurazilah Zainal is an Associate Professor from Faculty of Business and Management, Universiti Teknologi MARA Malaysia. She is currently enroll as a Post Doctoral Fellow at International Centre for Education in Islamic Finance (INCEIF). She holds a PhD in Business Economics from Universiti Putra Malaysia. Her main research interest is evaluating score of efficiency among financial institutions, econometrics, financial economics, business economics and corporate finance.
FEE RM39 / USD10 per person only!
PAYMENT DETAILS: Bank Transfer Bank Name : Alliance Bank Bank Account Number : 55012-00100-199-83 Bank Account Name : MNNF Network Swift Code : MFBBMYKL Bank Address : 1G & 1-1, Seremban City Centre, Jalan Tuanku Munawir, 70000 Seremban, Negeri Sembilan, Malaysia Details : DEA Webinar