Open AccessBenchmarking Methods in Georgian Energy Sector
Author(s) -
Lana Sulakadze
Publication year - 2017
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2017.v13n16p43
Subject(s) - benchmarking , georgian , incentive , activity based costing , computer science , variety (cybernetics) , work (physics) , energy sector , risk analysis (engineering) , business , operations research , accounting , environmental economics , economics , engineering , marketing , artificial intelligence , mechanical engineering , linguistics , philosophy , microeconomics
The purpose of the study is to compare the approaches taken by a variety of energy regulators to implement benchmarking for distribution network companies. The findings shall serve as baseline for development of the incentive based methodology. Research methods: Based on the practical significance of the research problem we used systemic, historical and logical generalization methods of research in the performance of the work. Scientific abstraction, analysis and synthesis methods are also used. Results: To evaluate the effectiveness of Georgian companies we can’t use the comparative analysis’s methods that are used by the EU Regulators, because the market is monopolized and the companies don’t have a similar structure and financial conditions. Conclusions: As a result, in Georgia it’s much better to use the Activity Based Costing (ABC) method for a short-term analysis and international comparative analysis for the long-term period.