Post-Crisis Performance of Turkish Insurance Companies Using Fuzzy Data Enveloping Analysis
Abstract
This study analyzes efficiency of the Turkish insurance companies in 2006. In this study fuzzy data enveloping analysis is used. Data Envelopment Analysis (DEA) is a linear programming based method, used in measuring the efficiencies of organizational units, when many inputs and outputs are involved. In this paper fuzzy DEA (data envelopment analysis) models are used for evaluating the efficiencies of objects with fuzzy input and output data. The approach transforms fuzzy DEA models into possibility DEA models by using possibility measures of fuzzy events or fuzzy constraints.