DCBA-MPI: A simulation based technique in optimizing an accurate Malmquist productivity index

Abstract

This paper describes a simulation based methodology utilizing simulation optimization technique in measuring an accurate Malmqusit productivity index (MPI) score. Given the high level of stochastic data in real environment, a novel methodology known as DCBA-MPI has been developed. An example of the mode application is shown in banking institutions. In addition to the novel approach presented, this article provides a new insight into the application domain of MPI measurement as well as the way one conducts productivity study in stochastic environment.