Data Envelopment Analysis, Optimization, R

Introduction to Data Envelopment Analysis in R

Introduction to Data Envelopment Analysis Data Envelopment Analysis is a Performance Measurement technique which is used for comparing the performances of similar units of an organization. The units for which we are doing the performance analysis are called Decision Making Units (DMU). For example, we can compare all the McDonald’s outlets operating in the Delhi NCR Region to find out…

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Basics, Optimization, R

Solving a Linear Optimization problem using R

Introduction to Linear Optimization Optimization is a technique for finding out the best possible solution for a given problem for all the possible solutions. Optimization uses a rigorous mathematical model to find out the most¬†efficient solution to the given problem. To start with an optimization problem, it is important to first identify an objective. An objective is a quantitative measure…

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