Data Envelopment Analysis
Data Envelopment Analysis (DEA) is a performance measurement technique used to evaluate the efficiency of decision-making units, such as businesses or public services. It compares multiple inputs and outputs to determine how well these units convert resources into desired results. By identifying efficient and inefficient units, DEA helps organizations improve their operations.
The method uses mathematical programming to create a frontier of best-performing units, allowing for benchmarking against peers. DEA is widely applied in various fields, including healthcare, education, and manufacturing, to assess productivity and resource allocation, ultimately guiding strategic decision-making and operational improvements.