Incorporation of prospect theory into double-frontier cross-efficiency: a case study of Iranian airline

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dc.authorscopusidErfan Babaee Tirkolaee / 57196032874
dc.authorwosidErfan Babaee Tirkolaee / U-3676-2017
dc.contributor.authorGanji, Seyedreza Seyedalizadeh
dc.contributor.authorTirkolaee, Erfan Babaee
dc.contributor.authorJamshidi Bandari, Samaneh
dc.contributor.authorFathi Ajirlu, Shahruz
dc.date.accessioned2025-04-18T10:33:59Z
dc.date.available2025-04-18T10:33:59Z
dc.date.issued2025
dc.departmentİstinye Üniversitesi, Mühendislik ve Doğa Bilimleri Fakültesi, Endüstri Mühendisliği Bölümü
dc.description.abstractCEM is a widely recognised approach that utilises DEA to assess the efficiency of DMUs, providing policymakers with a valuable tool. However, there are certain limitations associated with conventional CEM. First, it fails to consider DMs’ subjective preferences, thereby disregarding the significance of cross-evaluations. Secondly, traditional CEM overlooks the significance of a pessimistic standpoint in making decisions. To overcome these drawbacks, the current study aims to incorporate the prospect theory into the double-frontier CEM. This theory allows for the incorporation of DMs’ preferences regarding gains and losses in cross-evaluation aggregation. The paper utilises a novel cross-evaluation aggregation approach (referred to as APC) to address DMs’ subjectivity. As a real case study, the performance of 17 Iranian airlines is examined using the novel Double-Frontier CEM based on APC, referred to as DAPC. This study evaluates Iranian airlines according to three inputs and four outputs. The results of the study revealed that DMs’ preferences had a significant impact on both viewpoints. Interestingly, the ranking outcomes for more than half of the airlines differed significantly when considering the two viewpoints. © 2025 Informa UK Limited, trading as Taylor & Francis Group.
dc.identifier.citationGanji, S. S., Babaee Tirkolaee, E., Jamshidi Bandari, S., & Fathi Ajirlu, S. (2025). Incorporation of prospect theory into double-frontier cross-efficiency: a case study of Iranian airline. International Journal of Systems Science: Operations & Logistics, 12(1), 2438865.
dc.identifier.doi10.1080/23302674.2024.2438865
dc.identifier.issn23302674
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85215514859
dc.identifier.scopusqualityQ1
dc.identifier.urihttp://dx.doi.org/10.1080/23302674.2024.2438865
dc.identifier.urihttps://hdl.handle.net/20.500.12713/7129
dc.identifier.volume12
dc.identifier.wosWOS:001400393800001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorTirkolaee, Erfan Babaee
dc.institutionauthoridErfan Babaee Tirkolaee / 0000-0003-1664-9210
dc.language.isoen
dc.publisherTaylor and Francis Ltd.
dc.relation.ispartofInternational Journal of Systems Science: Operations and Logistics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectAirline Evaluation
dc.subjectConsensus
dc.subjectDouble-frontier Evaluation
dc.subjectProspect Theory
dc.titleIncorporation of prospect theory into double-frontier cross-efficiency: a case study of Iranian airline
dc.typeArticle

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