Charnes, Cooper, Rhodes

Charnes, Cooper, and Rhodes are researchers who developed Data Envelopment Analysis (DEA), a method used to evaluate the efficiency of various organizations or units, like companies or hospitals. DEA compares inputs (resources used) and outputs (products or services delivered) to determine how well each unit converts resources into results. Their work allows decision-makers to identify best practices, pinpoint inefficiencies, and improve overall performance by benchmarking against the most efficient units. Essentially, they created a systematic way to assess and enhance operational effectiveness across different entities.