A novel network data envelopment analysis model for performance measurement of Turkish electricity distribution companies

Petridis, Konstantinos, Ünsal, Mehmet G, Dey, Prasanta K and Örkcü, Hasan H (2019). A novel network data envelopment analysis model for performance measurement of Turkish electricity distribution companies. Energy ,

Abstract

Electricity distribution companies have a significant role for both households and industries. Benchmarking of the electricity distribution companies in the energy sector has become a subject that is studied widely nowadays due to the effect of privatization policies for developing countries. Since there are multiple production stages regarding the generation and supply procedures of electricity power, Network DEA technique is used.Directional Distance Function is also integrated into Network DEA technique. Electricity distribution companies aim at maximizing profit while minimizing the expenses. The main problem is how the profit idea can be integrated into the evaluation process. The aim of the proposed model is to evaluate profit efficiency of electricity distribution companies while taking into account expansion cost for additional energy supply. This two stage approach is applied to Turkish electricity distribution companies. Results are presented based on radial and profit efficiency measures. The proposed model is effective as provides realistic results considering the expenses and incomes of distribution companies.

Publication DOI: https://doi.org/10.1016/j.energy.2019.01.051
Divisions: Aston Business School > Operations & information management
Aston Business School
Aston Business School > Operations & information management research group
Additional Information: © 2019, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: Network DEA,Profit efficiency,Directional distance function,Electric distribution,C6,Q4
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Related URLs: https://www.sci ... 0532?via%3Dihub (Publisher URL)
Accepted Date: 2019-01-12
Published Online Date: 2019-02-05
Authors: Petridis, Konstantinos
Ünsal, Mehmet G
Dey, Prasanta K ( 0000-0002-9984-5374)
Örkcü, Hasan H

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