Efficiency Evaluation of Natural Gas Power Plants Using Data Envelopment Analysis

Sofianopoulou, Stella (2009) Efficiency Evaluation of Natural Gas Power Plants Using Data Envelopment Analysis. In: IEEE International Conference on Industrial Engineering & Engineering Management (IEEM 2009), 8-11 Dec 2009, Hong Kong.

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Abstract

The purpose of this paper is to evaluate the efficiency of a network of natural gas power plants using the Data Envelopment Analysis approach. The network is modelled as a linear system with multiple inputs and outputs. As inputs one could consider, for instance, the age of a plant, the total number of hours that a plant is in operation during each year, etc. As outputs the model considers the electrical
energy delivered per year, the number of hours that the plant is not in operation, etc. The proposed approach does not only evaluate each plant relative to the other ones, but it also ‘produces’ policy making scenarios that would enable plant managers to improve the plant’s operational characteristics. Computational results based on real-world data are presented and discussed. Relationships between
efficiency scores and various inputs/outputs are also investigated and some interesting trends are identified.

Item Type: Conference or Workshop Item (Paper)
Subjects: Business and Management
Divisions: Faculty of Business, Law and Tourism
Depositing User: Stella Sofianopoulou
Date Deposited: 19 Nov 2018 11:32
Last Modified: 19 Nov 2018 11:32
URI: http://sure.sunderland.ac.uk/id/eprint/10121

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