E E². Benchmarking With An Application to Electricity Distribution GAP Workshop 14 December 2005, Berlin Astrid Cullmann , DIW Berlin. Agenda. 1. Overview - Benchmarking Methodologies 2. Application in the Electricity Sector 3. Transfer to the Airports Literature.
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BenchmarkingWith An Application to Electricity DistributionGAP Workshop14 December 2005, BerlinAstrid Cullmann , DIW Berlin
e.g. labour, network size
PSFA = f2(Y)
POLS = α+f1(Y)
Efficiency of firm ESFA = EF/BF
Output is fix, input has to be minimized
II) Specify a translog functional form, general unrestricted form
Truncated normal distribution for the technical inefficiency random variables
Specification of Battese and Coelli, 1995
Maximum likelihood method to estimate the parameters (Frontier Version 2.1, Coelli)