Journal
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 197, Issue 3, Pages 1095-1105Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.ejor.2007.12.052
Keywords
Data envelopment analysis; Performance measurement; Technical efficiency; Electricity
Funding
- ESRC Electricity Policy Research Group
- Economic and Social Research Council [RES-152-25-1002] Funding Source: researchfish
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There are two difficulties in doing an objective evaluation of the performance of decision making units (DMUs). The first one is how to treat undesirable outputs jointly produced with the desirable outputs, and the second one is how to treat uncontrollable variables, which often capture the impact of the operating environment. Given difficulties in both model construction and data availability, very few published papers simultaneously consider the above two problems. This article attempts to do so by proposing six DEA-based performance evaluation models based on a research sample of the Chinese coal-fired power plants. The finding of this paper not only contributes for the performance measurement methodology, but also has policy implications for the Chinese coal-fired power sector. (c) 2008 Elsevier B.V. All rights reserved.
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