Data-Enabled Analytics: DEA for Big Data (International Series in Operations Research & Management Science) - Softcover

Softcover

ISBN 10: 3030751643 ISBN 13: 9783030751647

Publisher: Springer, 2022

Synopsis

This book explores the novel uses and potentials of Data Envelopment Analysis (DEA) under big data. These areas are of widespread interest to researchers and practitioners alike. Considering the vast literature on DEA, one could say that DEA has been and continues to be, a widely used technique both in performance and productivity measurement, having covered a plethora of challenges and debates within the modelling framework.

About this title

About the Author

Joe Zhu is a Professor of Operations Analytics in the Foisie Business School, Worcester Polytechnic Institute. He is an internationally recognized expert in methods of performance evaluation and benchmarking using Data Envelopment Analysis (DEA), and his research interests are in the areas of operations and business analytics, productivity modeling, and performance evaluation and benchmarking. He has published and co-edited several books focusing on performance evaluation and benchmarking using DEA and developed the DEAFrontier software. With more than 130 journal articles, books, and textbooks along with over 20,000 Google Scholar citations, he is recognized as one of the top authors in DEA with respect to research productivity, h-index, and g-index.

Vincent Charles is a Professor of Management Science and the Director of Research at Buckingham Business School, University of Buckingham, UK. He has published over 110 research works with Pearson Education, Cambridge ScholarsPublishing, UK and other publishers. His area of research includes productivity, quality, efficiency, effectiveness, competitiveness, innovation, and design thinking. He has the following industry exposure for research and consultancy purposes:  advertising, agriculture & agribusiness, transportation, consumer products, banking, education, electronics, and manufacturing.

From the Back Cover

This book brings Data Envelopment Analysis (DEA) based techniques and big data together to explore the novel uses and potentials of DEA under big data. These areas are of widespread interest to researchers and practitioners alike. Considering the vast literature on DEA, one could say that DEA has been and continues to be, a widely used technique both in performance and productivity measurement, having covered a plethora of challenges and debates within the modelling framework. 

Over the past four decades, DEA models have been applied in almost every major field of study. However, DEA has not been used to its fullest extent. As the inter- and intra-disciplinary research grows, DEA could be used in potentially many other ways; for instance, DEA could be viewed as a data mining tool for data-enabled analytics. One opportunity is brought by the existence of big data. Although big data has existed for a while now, gaining popularity among insight seekers, we are still in incipientstages when it comes to taking full advantage of its potential. Generally, researchers have either been interested in examining its origin or in developing and using big data technology.

As the amount of (big) data is growing every day in an exponential manner, so does its complexity; in this sense, various types of data are surfacing, whose study and examination could shed new light on phenomena of interest. A quick review of existing literature shows that big data is a new entrant within the DEA framework. Recently, there has been an increasing interest in bringing the two concepts together, with research studies aiming to integrate DEA and big data concepts within a single framework. But, more work is needed to fully explore the value of their intersection―it is time to view DEA in light of its potential usage in new fields or new usage within the existing fields, under the big data umbrella. It is time to view DEA models beyond their present scope and mine new insights for better data-driven decision-making.

Edition details

• Publisher: Springer
• Publication date: 2022
• Language: English
• ISBN 10: 3030751643
• ISBN 13: 9783030751647
• Binding: Paperback
• Edition number: 1
• Number of pages: 376
• Editor: Zhu Joe, Charles Vincent