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HŘEBÍČEK, J. TRENZ, O. CHVÁTALOVÁ, Z. SOUKOPOVÁ, J.
Original Title
Optimization of Corporate Performance Using Data Envelopment Analysis with Maple
Type
conference paper
Language
English
Original Abstract
Data envelopment analysis (DEA) gives a very powerful tool to decision makers in an organization. DEA is then a natural choice for an application of operations research or mathematical modelling of an evaluation of corporate performance. This method was initially proposed to evaluate the efficiency. In our paper the level of efficiency represents the level of corporate performance. The efficiency is in our case represented as a share of output in weighted sum of inputs. In other words, it represents a certain degree to which desirable outputs can off set environmental, social and corporate governance (ESG) indicators. Hence we have to consider appropriate inputs (data for calculation of ESG key performance indicators) and three outputs (complex environmental, social and corporate governance indicator). In the next stage, the fourth inputs (the chosen economic indicators) are added. Their impacts on the changing of efficiency score is under consideration with regression analysis, which is done by Maple. At the same time, we have observed a possible connection between the achieved efficiency score and corporate sustainability. In addition to efficiency score DEA method provides weights of particular inputs and outputs. These weights are used to ?nd those contributions of particular criteria to the achieved score. This enables us to determine the strong and weak points of the organization.
Keywords
Optimization; Corporate Performance; Data Envelopment Analysis; Maple
Authors
HŘEBÍČEK, J.; TRENZ, O.; CHVÁTALOVÁ, Z.; SOUKOPOVÁ, J.
RIV year
2014
Released
28. 10. 2014
Publisher
CRC Press 2014, Taylor&Francis Group, London
Location
London
ISBN
978-1-315-73210-7
Book
Engineering Optimization 2014
Pages from
763
Pages to
767
Pages count
5
BibTex
@inproceedings{BUT112412, author="Jiří {Hřebíček} and Oldřich {Trenz} and Zuzana {Chvátalová} and Jana {Soukopová}", title="Optimization of Corporate Performance Using Data Envelopment Analysis with Maple", booktitle="Engineering Optimization 2014", year="2014", pages="763--767", publisher="CRC Press 2014, Taylor&Francis Group, London", address="London", doi="10.1201/b17488-136", isbn="978-1-315-73210-7" }