Examlex
The output shows the solution to a DEA model where facilities in Seaview (S),Farmington (F),Lewiston (L),and San Domingo (D)are compared.The inputs,in order,are number of machines,size of work force,and goodness of location.The outputs,in order,are production,quality rating,and on-time completion percentage.The model examines the efficiency of Lewiston.
OPTIMAL SOLUTION
Objective Function Value = 0.510
S.T. 1)
2)
3)
4)
5)
6)
7)
a.Is the Lewiston plant efficient? Why or why not? If not,which plants should it emulate in order to improve?
b.How much more production does the composite facility provide than the Lewiston site?
c.What is the quality rating for the composite facility?
Grandstanding
Engaging in behavior or making statements intended to attract positive attention and impress others.
Marginal Benefit
The added contentment or utility derived from utilizing or producing an extra item of a good or service.
Vote Trading
An arrangement where individuals agree to vote for each other's preferred choice in different decisions or elections, aimed at maximizing the fulfillment of each party's preferences.
Public Project
A project that is initiated and funded by the government aimed at delivering public goods or benefits to the community.
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