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Methodological Advances in DEA: A survey and an application for the Dutch electricity sector
Author(s) -
Cherchye Laurens,
Post Thierry
Publication year - 2003
Publication title -
statistica neerlandica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.52
H-Index - 39
eISSN - 1467-9574
pISSN - 0039-0402
DOI - 10.1111/1467-9574.00238
Subject(s) - electricity , strengths and weaknesses , operations research , environmental economics , economics , business , computer science , engineering , psychology , electrical engineering , social psychology
We survey the methodological advances in DEA over the last 25 years and discuss the necessary conditions for a sound empirical application. We hope this survey will contribute to the further dissemination of DEA, the knowledge of its relative strengths and weaknesses, and the tools currently available for exploiting its full potential. Our main points are illustrated by the case of the DEA study used by the regulatory office of the Dutch electricity sector (Dienst Toezicht Elektriciteitswet; Dte) for setting price caps.