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Integrated DEA models and grey system theory to evaluate past-to-future performance: a case of Indian electricity industry.

Wang CN, Nguyen NT, Tran TT - ScientificWorldJournal (2015)

Bottom Line: 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.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.

View Article: PubMed Central - PubMed

Affiliation: Department of Industrial Engineering and Management, National Kaohsiung University of Applied Sciences, No. 415 JianGong Road, Sanmin District, Kaohsiung City 807, Taiwan.

ABSTRACT
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.

No MeSH data available.


Related in: MedlinePlus

Efficiency (catch-up) change over the period from March 2010 to March 2014.
© Copyright Policy - open-access
Related In: Results  -  Collection


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fig3: Efficiency (catch-up) change over the period from March 2010 to March 2014.

Mentions: Table 14 and Figure 3 show the efficiency change or what is named “catch-up” of the India electricity industry over the yearly periods of time interval. This reveals that the efficiency changes are not so consistent due to the fact that their nature of their financial management is not really consistently improving or is not consistently outperforming DMU over the time yearly frame. They figure out that the “efficiency changes” among the companies over the yearly time frame are exhibiting the inconsistency over the years.


Integrated DEA models and grey system theory to evaluate past-to-future performance: a case of Indian electricity industry.

Wang CN, Nguyen NT, Tran TT - ScientificWorldJournal (2015)

Efficiency (catch-up) change over the period from March 2010 to March 2014.
© Copyright Policy - open-access
Related In: Results  -  Collection

Show All Figures
getmorefigures.php?uid=PMC4364453&req=5

fig3: Efficiency (catch-up) change over the period from March 2010 to March 2014.
Mentions: Table 14 and Figure 3 show the efficiency change or what is named “catch-up” of the India electricity industry over the yearly periods of time interval. This reveals that the efficiency changes are not so consistent due to the fact that their nature of their financial management is not really consistently improving or is not consistently outperforming DMU over the time yearly frame. They figure out that the “efficiency changes” among the companies over the yearly time frame are exhibiting the inconsistency over the years.

Bottom Line: 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.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.

View Article: PubMed Central - PubMed

Affiliation: Department of Industrial Engineering and Management, National Kaohsiung University of Applied Sciences, No. 415 JianGong Road, Sanmin District, Kaohsiung City 807, Taiwan.

ABSTRACT
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.

No MeSH data available.


Related in: MedlinePlus