Stochastic Benchmarking: Theory and Applications

This book introduces readers to benchmarking techniques in the shastic environment, primarily shastic data envelopment analysis (DEA), and provides shastic models in DEA for the possibility of variations in inputs and outputs. It focuses on the application of theories and interpretations of the mathematical programs, which are combined with economic and organizational thinking. The book’s main purpose is to shed light on the advantages of the different methods in deterministic and shastic e...