Economic Fundamentals of Power Plant Performance

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A01=Almas Heshmati
analysis
Author_Almas Heshmati
Business Unit
Business Unit Level
Category=KCD
Category=KNBL
combined
Crs Assumption
DEA
Directional Distance Function
ECI
Ef Fic
electricity
Electricity Industry
electricity industry efficiency analysis
Electricity Market
electricity market regulation
Energy Policy
energy policy analysis
Energy Resources
Energy Sources
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Error Component Model
Facility Capacity
frontier
Frontier Cost Models
generation efficiency assessment
Generator Level Data
index
industry
Korean energy sector
malmquist
Malmquist Index
Malmquist Productivity Index
market
performance measurement methods
Plant Level Data
productivity
Pure Technical Efficiency Change
resource allocation strategies
SFA
stochastic
Stochastic Frontier Production Function
Te Ch
Technical Efficiency Effects
Va Ri

Product details

  • ISBN 9780415610049
  • Weight: 810g
  • Dimensions: 156 x 234mm
  • Publication Date: 20 Oct 2011
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Stability of the electricity industry is crucial for economic growth of all nations. Sustainable economic growth cannot be accomplished without secured energy supply. The book underlines how management of the electricity industry should be conducted and the efficient form of electricity market structure. The book also studies the electricity industry in Korea which has been a strongly supportive and vital factor in the economic development of Korea for the last few decades.

The book focuses on the three market players of the electricity market and they are the suppliers, consumers and the government-related organizations. It includes detailed information on generation and finances at the generator level and analyzes the efficiency differences among generators, plants and business units by using different performance measurement methods. It identifies and analyzes different production factors' effectiveness and relationships in generation. The comprehensive analysis helps to provide explanations in the differences in the performance of the studied units. The book also discusses the implications of the findings for future resource allocation and how we can further enhance the efficiency of the industry.

The book will appeal to those interested in energy and energy policies, as well as researchers and practitioners in the economic development and electricity and utilities industry.

Almas Heshmati is Professor of Economics at Sogang University, South Korea and at Jönköping International Business School, Jönköping University.

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