Efficiency Evaluation for Smart Grid Management Based on Stochastic Frontier Model and Data Envelope Analyses Model

Yu Xiaobao, Tan Zhongfu, Chen Kangting, Ju Liwei and He Puyu

Mathematical Problems in Engineering, 2015, vol. 2015, 1-9

Abstract:

For the technical and allocative efficiency evaluation of smart grid, this paper has proposed two methods. One is based on Data Envelopment Analysis and another is based on Stochastic Frontier Model. Among them, the former considered the dynamics of smart grid development and development dynamics is the influence parameter. The latter analyzed self-duality between the Cobb-Douglas production function and cost function; then, it deduced the smart grid resources optimization allocative efficiency evaluation model which can avoid price information needs of input factor in conventional allocative efficiency evaluation. The validity and rationality of the two methods are verified by a case study.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:142764

DOI: 10.1155/2015/142764

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