A DEA and Regression based Financial Performance Evaluation Framework for Public Bus Transport
This paper proposes a regression and DEA based financial performance evaluation frame work in the context of Kolkata, a metropolitan city of India. Now a day, performance of Kolkata bus transport is affected abysmal financial performance because of increasing cost and decreasing profitability. The lack of proper financial performance monitoring aggravates the situation. For this reason, devising a financial performance evaluation framework to capture the efficiency of different bus routes of Kolkata becomes order of the day. Here, we have investigated into the daily cost structure of a bus across the routes and identified the significant cost parameters using Multi Linear Regression (MLR) model. Next we have implemented a DEA model and determined the financial efficiency of different routes by taking significant cost parameters as inputs and revenue as output.
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