Technology Selection Based on EDAS Cross-Efficiency Evaluation Method

Abstract

Technology selection is an important part of enterprises sustainable development. The best technologies could create significant competitive advantages for an enterprise to realize its profit growth and capability improvement, and then realize its sustainable development. However, due to the complexity of technology selection, decision makers are faced with a difficult task, therefore, to select the best technologies, we introduce the evaluation based on distance from average solution (EDAS) method to aggregate ultimate cross-efficiency scores. By calculating the positive distance from average solution (PDA) and the negative distance from average solution (NDA), we can get the appraisal scores (AS) to rank for each rated decision making unit (DMU). Finally, an example of technology selection is illustrated to examine the validity of the proposed method.

Keywords

• Cross-efficiency evaluation
• DEA (data envelopment analysis)
• EDAS (evaluation based on distance from average solution) method
• technology selection