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Integrated DEA Models and Grey System Theory to Evaluate Past-to-Future Performance: A Case of Indian Electricity Industry
Joint Authors
Wang, Chia-Nan
Nguyen, Nhu-Ty
Tran, Thanh-Tuyen
Source
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-17, 17 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-03-04
Country of Publication
Egypt
No. of Pages
17
Main Subjects
Medicine
Information Technology and Computer Science
Abstract EN
The growth of economy and population together with the higher demand in energy has created many concerns for the Indian electricity industry whose capacity is at 211 gigawatts mostly in coal-fired plants.
Due to insufficient fuel supply, India suffers from a shortage of electricity generation, leading to rolling blackouts; thus, performance evaluation and ranking the industry turn into significant issues.
By this study, we expect to evaluate the rankings of these companies under control of the Ministry of Power.
Also, this research would like to test if there are any significant differences between the two DEA models: Malmquist nonradial and Malmquist radial.
Then, one advance model of MPI would be chosen to see these companies’ performance in recent years and next few years by using forecasting results of Grey system theory.
Totally, the realistic data 14 are considered to be in this evaluation after the strict selection from the whole industry.
The results found that all companies have not shown many abrupt changes on their scores, and it is always not consistently good or consistently standing out, which demonstrated the high applicable usability of the integrated methods.
This integrated numerical research gives a better “past-present-future” insights into performance evaluation in Indian electricity industry.
American Psychological Association (APA)
Wang, Chia-Nan& Nguyen, Nhu-Ty& Tran, Thanh-Tuyen. 2015. Integrated DEA Models and Grey System Theory to Evaluate Past-to-Future Performance: A Case of Indian Electricity Industry. The Scientific World Journal،Vol. 2015, no. 2015, pp.1-17.
https://search.emarefa.net/detail/BIM-1078954
Modern Language Association (MLA)
Wang, Chia-Nan…[et al.]. Integrated DEA Models and Grey System Theory to Evaluate Past-to-Future Performance: A Case of Indian Electricity Industry. The Scientific World Journal No. 2015 (2015), pp.1-17.
https://search.emarefa.net/detail/BIM-1078954
American Medical Association (AMA)
Wang, Chia-Nan& Nguyen, Nhu-Ty& Tran, Thanh-Tuyen. Integrated DEA Models and Grey System Theory to Evaluate Past-to-Future Performance: A Case of Indian Electricity Industry. The Scientific World Journal. 2015. Vol. 2015, no. 2015, pp.1-17.
https://search.emarefa.net/detail/BIM-1078954
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1078954