Evaluating power plant efficiency: a hierarchical model [An article from: Computers and Operations Research]

This digital document is a journal article from Computers and Operations Research, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
In this paper, we investigate the relative operating efficiencies of a set of electric power plants, and of the individual power units that make up those plants. This two-stage ''hierarchy'' is a special case of the general hierarchical structure to which our model can be applied. The model views the plants at the highest level in the hierarchy as the decision-making units whose performance is optimized. Part of the output from the optimization is a set of performance measures for the components of those top level decision-making units. We use the data on 40 power units grouped under eight plants to demonstrate the model.