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Foundations of O.R: Data Envelopment Analysis (London)

 
         
  Ref. 423  
  Victor Podinovski
  15 November 2016, London
  £575 + VAT Members
  £625 + VAT Non-members
         

 

   
   Foundation NA
   Descriptive
   Predictive
   Prescriptive
 


GORS London Courses

The purpose of the series of ‘Foundations of O.R.’ courses is to help practitioners to understand the role of Operational Research in management; understand the requirements for successful Operational Research interventions; have knowledge of a range of Operational Research techniques; be able to identify the suitability of a technique for a problem situation and be able to apply those techniques.

Civil Servants / Members of the Government O.R. Service need to book these courses through the Civil Service Learning portal. (Go to http://bit.ly/1PrGBSB)

Foundations of O.R: Data Envelopment Analysis

Data envelopment analysis (DEA) is an established nonparametric methodology used to assess the efficiency, performance and productivity of organisations. There are numerous reported applications of DEA, including in the public and private sectors. The former includes applications to schools, universities, hospitals, local governments, police forces and so on. The latter includes applications to banking, manufacturing, agriculture and airlines, as well as various regulated utilities.

 An important feature of the DEA methodology is that it can account for multiple inputs (such as labour and expenditure) and outputs (such as production and service levels), and also include various socio-economic (environmental) and quality indicators, in one model. This makes DEA a very attractive methodology for the evaluations in the public sector where there exists no single measure of performance.

In this session we’ll give a general introduction to the notions of efficiency of organisations and consider several established DEA models used for the analysis. Theoretical development will be supported by practical exercises, including a case study of interest to the public service. Participants will learn how to apply DEA methodology using Excel Solver.

The objectives for the day are to:

  • Understand the main ideas and concepts of efficiency assessment of organisations.
  • Discuss the main DEA models and contexts in which these could be applied.
  • Obtain practical experience with the formulation of DEA models and their solution using Excel Solver.
  • Appreciate the advantages and limitations of the DEA methodology.
  • Learn how the results of DEA models could inform better decision and policy making.

 The topics covered during the day are:

  • Basic concepts of efficiency analysis, the main DEA models and their specification
  • Using Excel Solver to solve DEA models
  • Interpretation of results in a way useful for decision makers
  • Addressing typical problems arising in some applications of DEA

THERE IS NO PRE-READING FOR THIS COURSE

Timetable:

09.00 - 10.30   Introduction to efficiency assessment, basic DEA models

10.30 - 11.00   Break

11.00 - 12.30   Solving DEA models in Excel Solver

12.30 - 13.30   Lunch

13.30 - 15.00   Pitfalls and protocols in DEA. Advanced DEA methodologies

15.00 - 15.30   Break

15.30 - 17.00   Practical work on a case study: presentations and discussion

Course Tutor

Victor Podinovski is Professor of Operational Research at School of Business and Economics of Loughborough University. Victor’s background is in applied mathematics and operational research, and he has previously worked as Professor of Operational Research at Warwick Business School. Victor’s academic interests are in the areas of optimisation, decision making and efficiency analysis of firms. He has published extensively on these topics in many international journals, including top European and US journals. Recently Victor was a principal co-investigator of a large EU-funded research project aimed at the development of a range of quantitative tools to help EU decision makers to simulate policy scenarios in the field of common agricultural policy. He is a co-editor of Journal of Productivity Analysis and co-director of the Centre for Performance and Productivity Analysis at Loughborough University.

If you are interested in further information, have any requirements (e.g. an alternative course date), or have difficulty booking a course online then please contact Jennie Phelps. It is recommended that courses are booked online. If this is not possible, then please print off, fill and fax or post the Training Course Booking Form.

 
Jennie Phelps   Address:  The OR Society, Seymour House, 12 Edward Street, Birmingham, B1 2RX, UK
  Tel: +44 (0)121 233 9300
  Fax: +44 (0)121 233 0321
  Email: jennie.phelps@theorsociety.com