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Mathematical Problems in Engineering
Volume 2015, Article ID 142764, 9 pages
http://dx.doi.org/10.1155/2015/142764
Research Article

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

North China Electric Power University, Beijing 102206, China

Received 29 July 2015; Accepted 28 September 2015

Academic Editor: Mohamed Djemai

Copyright © 2015 Yu Xiaobao et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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.