Project selection with limited resources in data envelopment‎ ‎analysis‎

Abstract

‎In this paper allocating a fixed resource for producing ‎finite projects in order to obtaining a desired level of‎ ‎efficiency will be discussed‎. ‎Note that it is assumed that a ‎vector of limited sources is at hand‎. ‎This vector of resources can‎ ‎be contained human resource‎, ‎budget‎, ‎equipment‎, ‎and facilities‎. ‎In ‎any firm there exist different suggestions from subunits for ‎running a new projects in line with the organization's objectives.‎ ‎Implementation of all the suggested projects need high level of ‎resources‎. ‎In accordance to this fact that resources are limited‎ ‎thus it is not possible to run all of the projects‎. ‎Thus, ‎selecting high quality projects or those with high efficiency is‎ ‎more desirable for implementation‎. ‎In this paper a method for ‎selecting projects will be proposed which has high ‎performance.‎