Extended utility and DEA models without explicit input

Abstract

In this paper, we discuss the relationship between multi-attribute utility theory and data envelopment analysis (DEA) models without explicit inputs (DEA-WEI), including dual models and some theoretical analysis of DEA-WEI models. We then propose generic DEA-WEI models with quadratic utility terms. Finally, we provide illustrative examples to show that DEA-WEI with suitable quadratic utility terms are able to reflect some value judgments that the standard DEA models cannot.