Operation Performance Evaluation of Power Grid Enterprise Using a Hybrid BWM-TOPSIS Method

Peipei You, Sen Guo, Haoran Zhao and Huiru Zhao
Additional contact information
Peipei You: Department of Finance, Accounting and Auditing Research, State Grid Energy Research Institute, Beijing 102209, China
Sen Guo: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Haoran Zhao: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Huiru Zhao: School of Economics and Management, North China Electric Power University, Beijing 102206, China

Sustainability, 2017, vol. 9, issue 12, 1-15

Abstract: Electricity market reform is in progress in China, and the operational performance of power grid enterprises are vital for its healthy and sustainable development in the current electricity market environment. In this paper, a hybrid multi-criteria decision-making (MCDM) framework for operational performance evaluation of a power grid enterprise is proposed from the perspective of sustainability. The latest MCDM method, namely the best-worst method (BWM) was employed to determine the weights of all criteria, and the technique for order preference by similarity to an ideal solution (TOPSIS) was applied to rank the operation performance of a power grid enterprise. The evaluation index system was built based on the concept of sustainability, which includes three criteria (namely economy, society, and environment) and seven sub-criteria. Four power grid enterprises were selected to perform the empirical analysis, and the results indicate that power grid enterprise A1 has the best operation performance. The proposed hybrid BWM-TOPSIS-based framework for operation performance evaluation of a power grid enterprise is effective and practical.

Keywords: operation performance evaluation; power grid enterprise; BWM; TOPSIS; electricity market reform (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://www.mdpi.com/2071-1050/9/12/2329/pdf (application/pdf)
https://www.mdpi.com/2071-1050/9/12/2329/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:9:y:2017:i:12:p:2329-:d:122997

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().