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The Scientific World Journal
Volume 2015, Article ID 638710, 17 pages
http://dx.doi.org/10.1155/2015/638710
Research Article

Integrated DEA Models and Grey System Theory to Evaluate Past-to-Future Performance: A Case of Indian Electricity Industry

1Department of Industrial Engineering and Management, National Kaohsiung University of Applied Sciences, No. 415 JianGong Road, Sanmin District, Kaohsiung City 807, Taiwan
2International Relations Office, Lac Hong University, No. 10 Huynh Van Nghe, Bien Hoa, Dong Nai, Vietnam

Received 7 August 2014; Revised 15 September 2014; Accepted 25 September 2014

Academic Editor: Jung-Fa Tsai

Copyright © 2015 Chia-Nan Wang 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

The growth of economy and population together with the higher demand in energy has created many concerns for the Indian electricity industry whose capacity is at 211 gigawatts mostly in coal-fired plants. Due to insufficient fuel supply, India suffers from a shortage of electricity generation, leading to rolling blackouts; thus, performance evaluation and ranking the industry turn into significant issues. By this study, we expect to evaluate the rankings of these companies under control of the Ministry of Power. Also, this research would like to test if there are any significant differences between the two DEA models: Malmquist nonradial and Malmquist radial. Then, one advance model of MPI would be chosen to see these companies’ performance in recent years and next few years by using forecasting results of Grey system theory. Totally, the realistic data 14 are considered to be in this evaluation after the strict selection from the whole industry. The results found that all companies have not shown many abrupt changes on their scores, and it is always not consistently good or consistently standing out, which demonstrated the high applicable usability of the integrated methods. This integrated numerical research gives a better “past-present-future” insights into performance evaluation in Indian electricity industry.