In: Operations Management
give an example of how DEA (data envelopement analysis) can be utilized to improve efficiency and operations in Public Policy or Administration (local, state, or federal) and an example of how it can improve efficiency of Business Management. I need to write a 2 pages report and please no plagiarism.
DEA is one of the popular techniques to analyze the decision making and its relevance in the area of operations management. It can be utilized to check the cost related efficiency in various decision making units . These units may be human resource management, marketing, operations, research & development , legal etc. It can be utilized by Federal, state and local administration to check the importance of its various schemes, programs and procedures on the non parameteric data. Any distribution free pattern of relationships among variables like administrative expenses and influence on governance quality may be analyzed through DEA technique.
In business management, DEA will find out relationships among variables specifically inputs of production and services delivery and outcomes of the business operations. Managers can take decisions with the help of DEA outcomes. For example, Due to Pandemic Covid19, Factors influencing supply chain of Amazon can be analyzed by collecting various observed data . Here, DEA could be implemented to analyze the cost interventions and hence efficiency causing steps might be taken by management.