Transactions of Nanjing University of Aeronautics & Astronautics
Application of Fuzzy Bilateral Boundary DEA Model in Selection of Energy-Saving and Environmental Protection Enterprises
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Abstract:
The energy-saving and environmental protection industry has vast development space and huge market increment in China. Selecting appropriate energy?saving and environmental protection enterprises is one of the important decisions of venture capital investment. In the paper, a fuzzy bilateral boundary data envelopment analysis(DEA) model with optimistic coefficient is proposed to select those companies with high financing efficiencies. Based on the characteristics of enterprise financing, undesirable outputs and dual-role factors are considered in the proposed model. The results show that the fifth enterprise has high comprehensive financing efficiencies and always ranks the first when the optimistic coefficients are 0.2, 0.5 and 0.8, respectively. In addition, most energy?saving and environmental protection enterprises have not efficient financing efficiencies. There is still much space for improvement.
Keywords:
financing efficiency ; double-frontier ; dual-role factor ; data envelopment analysis
Clc Number:
F127
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