A Scenario-based Model for Resource Allocation with Price Information

A Scenario-based Model for Resource Allocation with Price Information

Blog Article

In this paper, we consider the problem of allocating resources among Decision Making Units (DMUs).Regarding the concept of overall (cost) efficiency, we GREEN LENTILS consider three different scenarios and formulate three Resource Allocation (RA) models correspondingly.In the first scenario, we assume that overall efficiency of each unit remains unchanged.The second scenario is Suspension Stabilizer Bar Link related to the case where none of overall efficiency scores is deteriorated.We improve the overall efficiencies by a pre-determined percentage in the last scenario.

We formulate Linear Programming problems to allocate resources in all scenarios.All three scenarios are illustrated through numerical and empirical examples.