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Quantitative Models for Performance Evaluation and Benchmarking

Download or Read eBook Quantitative Models for Performance Evaluation and Benchmarking PDF written by Joe Zhu and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 313 pages. Available in PDF, EPUB and Kindle.
Quantitative Models for Performance Evaluation and Benchmarking
Author :
Publisher : Springer Science & Business Media
Total Pages : 313
Release :
ISBN-10 : 9781475742466
ISBN-13 : 1475742460
Rating : 4/5 (66 Downloads)

Book Synopsis Quantitative Models for Performance Evaluation and Benchmarking by : Joe Zhu

Book excerpt: Managers are often under great pressure to improve the performance of their organizations. To improve performance, one needs to constantly evaluate operations or processes related to producing products, providing services, and marketing and selling products. Performance evaluation and benchmarking are a widely used method to identify and adopt best practices as a means to improve performance and increase productivity, and are particularly valuable when no objective or engineered standard is available to define efficient and effective performance. For this reason, benchmarking is often used in managing service operations, because service standards (benchmarks) are more difficult to define than manufacturing standards. Benchmarks can be established but they are somewhat limited as they work with single measurements one at a time. It is difficult to evaluate an organization's performance when there are multiple inputs and outputs to the system. The difficulties are further enhanced when the relationships between the inputs and the outputs are complex and involve unknown tradeoffs. It is critical to show benchmarks where multiple measurements exist. The current book introduces the methodology of data envelopment analysis (DEA) and its uses in performance evaluation and benchmarking under the context of mUltiple performance measures.


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