A chance-constrained data envelopment analysis approach for strategy selection

Journal of Modelling in Management

Volumn 6, Issue 2, 2011, Pages 200-214

  Farzipoor Saen, Reza ^a   Azadi, Majid ^b  

^a ISLAMIC AZAD UNIVERSITY   (Iran)

^b NONE   (Iran)

Author keywords

Chance constrained data envelopment analysis; Data analysis; Mathematical programming; PERT CPM; Strategy selection

Indexed keywords

EID: 84866173988     PISSN: 17465664     EISSN: 17465672     Source Type: Journal    
DOI: 10.1108/17465661111149584     Document Type: Article

References (50)

1. Agpak, K. and Gokcen, H. (2007), “A chance-constrained approach to stochastic line balancing problem”, European Journal of Operational Research, Vol. 180 No. 3, pp. 1098-115.
2. Bhattacharya, U.K. (2009), “A chance-constrained goal programming model for the advertising planning problem”, European Journal of Operational Research, Vol. 192 No. 2, pp. 382-95.
3. Cardoza, R.N. and Wind, J. (1985), “Risk return approach to product portfolio strategy”, Long Range Planning, Vol. 18 No. 2, pp. 77-85.
4. Carneiro, A. (2008), “A group decision support system for strategic alternatives selection”, Management Decision, Vol. 39 No. 3, pp. 218-26.
5. Charnes, A., Cooper, W.W. and Rohodes, E. (1959), “Chance constrained programming”, Management Science, Vol. 6 No. 1, pp. 73-9.
6. Charnes, A., Cooper, W.W. and Rohodes, E. (1963), “Deterministic equivalents for optimizing and satisficing under chance constrained”, Institute for Operational Research Management Science, Vol. 11 No. 1, pp. 18-39.
7. Charnes, A., Cooper, W.W. and Rohodes, E. (1978), “Measuring the efficiency of decision making units”, European Journal of Operational Research, Vol. 2 No. 6, pp. 429-44.
8. Chen, T.Y. (2002), “A comparison of chance-constrained DEA and stochastic frontier analysis: bank efficiency in Taiwan”, Journal of the Operational Research Society, Vol. 53 No. 5, pp. 492-500.
9. Cheung, S.O. and Suen, H.C.H. (2002), “Multi-attribute utility model for dispute resolution strategy selection”, Construction Management and Economics, Vol. 20 No. 7, pp. 557-68.
10. Chien, T.W., Lin, C., Tan, B. and Lee, W.C. (1999), “A neural networks-based approach for strategic planning”, Information & Management, Vol. 35 No. 6, pp. 357-64.
11. Chiou, H.K., Tzeng, G.H. and Cheng, D.C. (2005), “Evaluating sustainable fishing development strategies using fuzzy MCDM approach”, Omega, Vol. 33 No. 3, pp. 223-34.
12. Cooper, W.W., Seiford, L.M. and Tone, K. (2000), Data Envelopment Analysis: A Comprehensive Text with Models, Application, References and DEA-solver Software, Kluwer Academic, Norwell, MA.
13. Cooper, W.W., Seiford, L.M. and Tone, K. (2007), Data Envelopment Analysis: A Comprehensive Text with Models, Application, References and DEA-solver Software, Springer Science+Business Media, LLC, New York, NY.
14. Cooper, W.W., Deng, H., Huang, Z.M. and Li, S.X. (2002), “Chance constrained programming approaches to technical efficiencies and inefficiencies in stochastic data envelopment analysis”, Journal of the Operational Research Society, Vol. 53 No. 12, pp. 1347-56.
15. Cooper, W.W., Deng, H., Huang, Z.M. and Li, S.X. (2004), “Chance constrained programming approaches to congestion in stochastic data envelopment analysis”, European Journal of Operational Research, Vol. 155 No. 2, pp. 487-501.
16. David, F.R. (1986), “The strategic planning matrix-quantitative approach”, Long Range Planning, Vol. 19 No. 5, pp. 102-7.
17. Edwards, W., von Winterfeldt, D. and Moody, D.L. (1988), “Simplicity in decision analysis: an example and discussion”, in Bell, DE, Raiffa, H and Tversky, A (Eds), Decision Making: Descriptive, Normative, and Prescriptive Interactions, Cambridge University Press, New York, NY, Expert Choice Software, 1990, Decision Support Software, Inc. Mclean, VA.
18. Elangovan, A.R. (1995), “Managerial third-party dispute intervention: a prescriptive model of strategy selection”, Academy of Management Review, Vol. 20 No. 4, pp. 800-30.
19. Farzipoor Saen, R. and Azadi, M. (2009), “The use of super-efficiency analysis for strategy ranking”, International Journal of Society Systems Science, Vol. 1 No. 3, pp. 281-92.
20. Ghpanchi, A., Jafarzadeh, M.H. and Khakbaz, M.H. (2008), “Fuzzy-data envelopment analysis approach enterprise resource planning system analysis and selection”, International Journal of Information System and Change Management, Vol. 54 No. 4, pp. 157-70.
21. Godet, M. (1987), Scenarios and Strategic Management, Butter Worth Scientific, London.
22. Grant, J.H. and King, W.R. (1982), The Logic of Strategic Planning, Brown and Company, Boston, MA.
23. Hastings, S. (1996), “A strategy evaluation model for management”, Management Decision, Vol. 34 No. 1, pp. 25-34.
24. Hill, C.E.L. and Jones, G.R. (1989), Strategic Management: An Integrated Approach, Houghton Mifflin, Boston, MA.
25. Hurd, D.A. (1979), “Vulnerability analysis: a new way to assess future trends”, Strategy & Leadership, Vol. 7 No. 6, pp. 31-4.
26. Kajanus, M., Ahola, J., Kurttila, M. and Pesonen, M. (2001), “Application of even swaps for strategy selection in a rural enterprise”, Management Decision, Vol. 39 No. 5, pp. 394-402.
27. Land, K.C., Lovell, C.A.K. and Thore, S. (1993), “Chance-constrained data envelopment analysis”, Managerial and Decision Economics, Vol. 14 No. 6, pp. 541-54.
28. Li, Y.P., Huang, G.H., Nie, S.L. and Qin, X.S. (2007), “ITCLP: an inexact two-stage chance-constrained program for waste management systems”, Resources, Conservation and Recycling, Vol. 49 No. 3, pp. 284-307.
29. Liu, B. (2001), “Uncertain programming: a unifying optimization theory in various uncertain environments”, Applied Mathematics and Computation, Vol. 120 Nos 1-3, pp. 227-34.
30. Loucks, D.P., Stedinger, J.R. and Haith, D.A. (1981), Water Resource Planning and Analysis, Prentice-Hall, Englewood Cliffs, NJ.
31. Mitroff, I.I. (1982), “Dialectical squared: a fundamental difference in perception of the meaning of some key concepts in social”, Decision Science, Vol. 13 No. 1, pp. 222-4.
32. Montagno, R., Sexton, R.S. and Smith, B.N. (2002), “Using neural networks for identifying organizational improvement strategies”, European Journal of Operational Research, Vol. 142 No. 2, pp. 382-95.
33. Naylor, M.E. (1983), “Planning for uncertainty: the scenario-strategy matrix”, in Albert, K.J. (Ed.), The Strategic Management Handbook, McGraw-Hill, New York, NY.
34. Naylor, T.H. and Schauland, H. (1976), “A survey of users of corporate planning models”, Management Science, Vol. 22 No. 9, pp. 927-37.
35. Olesen, O.B. (2006), “Comparing and combining two approaches for CCDEA”, Journal of Productivity Analysis, Vol. 26 No. 2, pp. 103-19.
36. Olesen, O.B. and Petersen, N.C. (1995), “Chance constrained efficiency evaluation”, Management Science, Vol. 41 No. 3, pp. 442-57.
37. Radford, K.J. (1980), Strategic Planning: An Analytical Approach, Reston Publishing Company, Reston, VA.
38. Schoemaker, P.J.H. and Russo, J.H. (1993), “A pyramid of decision approaches'”, California Management Review, Vol. 36 No. 1, pp. 9-31.
39. Schweiger, D.M. and Sandberg, W.R. (1986), “Group approaches for improving strategic decision making: a comparative analysis of dialectical inquiry devil's advocacy, and the consensus”, Journal of Academy Management, Vol. 29 No. 1, pp. 51-71.
40. Song, M., Calantone, R.J. and Benedetto, C.A.D. (2002), “Competitive forces and strategic choice decisions: an experimental investigation in the United States and Japan”, Strategic Management Journal, Vol. 23 No. 10, pp. 969-78.
41. Sueyoshi, T. (2000), “Stochastic DEA for restructure strategy: an application to a Japanese petroleum company”, Omega, Vol. 28 No. 4, pp. 385-98.
42. Talluri, S., Narasimhan, R. and Nair, A. (2006), “Vendor performance with supply risk: a chance-constrained DEA approach”, International Journal of Reduction Economics, Vol. 100 No. 2, pp. 212-22.
43. Tavana, M. (2002), “Euclid: strategic alternative assessment matrix”, Journal of Multi-Criteria Decision Analysis, Vol. 11 No. 2, pp. 75-96.
44. Tavana, M. and Banerjee, S. (1995a), “Evaluating strategic alternatives: an analytical model”, Computers & Operations Research, Vol. 22 No. 7, pp. 731-43.
45. Tavana, M. and Banerjee, S. (1995b), “Strategic assessment model (SAM): a multiple criteria decision support system for evaluation of strategic alternatives”, Decision Sciences, Vol. 26 No. 1, pp. 119-43.
46. Thompson, A.A. and Strickland, A.J. (1983), Strategy Formulation and Implementation: Tasks of General Manager, 5th ed., Business Publications, Plano, TX.
47. Weigelt, K. and Macmillan, I. (1988), “An interactive strategic analysis framework”, Journal of Strategic Management, Vol. 9 No. 1, pp. 27-40.
48. Yang, N. and Wen, F. (2005), “Chance constrained programming approach to transmission system expansion planning”, European Journal of Operational Research, Vol. 75 Nos 2/3, pp. 171-7.
49. Yang, N., Yu, C.W., Wen, F. and Chung, C.Y. (2007), “An investigation of reactive power planning based on chance constrained programming”, Electrical Power and Energy Systems, Vol. 29 No. 9, pp. 650-6.
50. King, W.R. (1980), “Implementing strategic plans through strategic program evaluation”, Omega, Vol. 8 No. 2, pp. 173-81.