Modified Malmquist Productivity Index Based on Present Time Value of Money

Data envelopment analysis (DEA) models can calculate the Malmquist Productivity Index (MPI). Classic Malmquist Productivity Index shows regress and progress of a DMU in different periods with efficiency and technology variations without considering the present value of money. This issue is of major...

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Bibliographic Details
Main Authors: Farhad Hosseinzadeh Lotfi, Golamreza Jahanshahloo, Mohsen Vaez-Ghasemi, Zohreh Moghaddas
Format: Article
Language:English
Published: Hindawi Limited 2013-01-01
Series:Journal of Applied Mathematics
Online Access:http://dx.doi.org/10.1155/2013/607190