2014
DOI: 10.1080/18756891.2014.960223
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Data Envelopment Analysis Application in Turkish Energy Market

Abstract: In this study, we consider data envelopment analysis for comparison between thermal energy plants which are natural gas based and coal based power plants. Results of this study will give a roadmap to decision makers in selecting type of thermal plant they will construct. Also public and private energy supply sources are compared based on their performances. We not only make a solely comparison but also make a ranking of the power plants considered by using goal programming technique.

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Cited by 3 publications
(1 citation statement)
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“…The advantage lies in the ability to evaluate the efficiency of similar decision-making units (DMUs) with multiple input and output indicators and complex relationships. Since it was proposed, it is a popular approach and has been widely discussed in the literature [2][3][4][5]. The traditional three-stage DEA model established on the DEA model firstly proposed by Fried et al [6], which takes into account the influence of external environment and random errors on the efficiency calculation based on Stochastic Frontier Analysis (SFA).…”
Section: Introductionmentioning
confidence: 99%
“…The advantage lies in the ability to evaluate the efficiency of similar decision-making units (DMUs) with multiple input and output indicators and complex relationships. Since it was proposed, it is a popular approach and has been widely discussed in the literature [2][3][4][5]. The traditional three-stage DEA model established on the DEA model firstly proposed by Fried et al [6], which takes into account the influence of external environment and random errors on the efficiency calculation based on Stochastic Frontier Analysis (SFA).…”
Section: Introductionmentioning
confidence: 99%