Some Thoughts on Operationalizing the Concept of Sufficiency in Efficiency Analysis

Abstract

The concept of sufficiency is rarely acknowledged in mainstream business economics and has not been addressed so far in the literature on efficiency analysis. In this paper, satisficing levels as known from the Efficiency Analysis Technique With Output Satisficing (EATWOS) and from its extension Efficiency Analysis Technique With Input and Output Satisficing (EATWIOS) are suggested to operationalize sufficiency in efficiency analysis. Moreover, a simple data transformation approach is proposed in order to use satisficing levels in other efficiency analysis techniques, particularly in the widely used Data Envelopment Analysis (DEA). Contribution/Originality:This paper contributes to the literature on efficiency analysis and to the literature on sustainable development. Its primary contribution is to operationalize sufficiency in efficiency analysis by utilizing the concept of satisficing levels. INTRODUCTIONThe concept of sufficiency introduced by Frankfurt (1987) into the field of practical philosophy has been discussed by several philosophers (e.g.

Criteria prioritization for investment policies in General Aviation aerodromes

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“…Girdi değerlerine bağlı olarak, çıktılarda bağıl sonuçlar vermesi ve bu sonuçların birbirleriyle kıyas edilebilmesi ve enerji sistem tasarımı problemlerinde optimum sonuca karar verme açısından oldukça kullanılabilir bir tekniktir. EATWOS uygulama adımları aşağıda özetlenmiştir [30][31][32]. Giriş ve çıkış değerlerine bağlı olarak girdi ve çıktı matrisleri sırasıyla aşağıda verildiği gibidir;…”

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