Mine Performance Assessment by Means of Stochastic Frontier Analysis
This paper employs stochastic frontier analysis (SFA) in assessing efficiency at the mine level. An SFA model is derived using annual operational data from the Kardia Field mine of the Greek Public Power Corporation (PPC) S.A. for the 1984-2006 period and the causes of inefficiency are investigated...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
2019-01-01
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| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2019/8657348 |
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doaj-519f9ab54e654f4dbbef92090c0c41e72020-11-24T22:00:40ZengHindawi LimitedMathematical Problems in Engineering1024-123X1563-51472019-01-01201910.1155/2019/86573488657348Mine Performance Assessment by Means of Stochastic Frontier AnalysisIoannis E. Tsolas0School of Applied Mathematics and Physics, National Technical University of Athens, Athens, GR 15780, GreeceThis paper employs stochastic frontier analysis (SFA) in assessing efficiency at the mine level. An SFA model is derived using annual operational data from the Kardia Field mine of the Greek Public Power Corporation (PPC) S.A. for the 1984-2006 period and the causes of inefficiency are investigated by means of regression techniques. The proposed two-stage model can be used as a diagnostic tool to identify causes of mine inefficiency and as a tool for designing and specifying interventions to improve mine performance.http://dx.doi.org/10.1155/2019/8657348 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Ioannis E. Tsolas |
| spellingShingle |
Ioannis E. Tsolas Mine Performance Assessment by Means of Stochastic Frontier Analysis Mathematical Problems in Engineering |
| author_facet |
Ioannis E. Tsolas |
| author_sort |
Ioannis E. Tsolas |
| title |
Mine Performance Assessment by Means of Stochastic Frontier Analysis |
| title_short |
Mine Performance Assessment by Means of Stochastic Frontier Analysis |
| title_full |
Mine Performance Assessment by Means of Stochastic Frontier Analysis |
| title_fullStr |
Mine Performance Assessment by Means of Stochastic Frontier Analysis |
| title_full_unstemmed |
Mine Performance Assessment by Means of Stochastic Frontier Analysis |
| title_sort |
mine performance assessment by means of stochastic frontier analysis |
| publisher |
Hindawi Limited |
| series |
Mathematical Problems in Engineering |
| issn |
1024-123X 1563-5147 |
| publishDate |
2019-01-01 |
| description |
This paper employs stochastic frontier analysis (SFA) in assessing efficiency at the mine level. An SFA model is derived using annual operational data from the Kardia Field mine of the Greek Public Power Corporation (PPC) S.A. for the 1984-2006 period and the causes of inefficiency are investigated by means of regression techniques. The proposed two-stage model can be used as a diagnostic tool to identify causes of mine inefficiency and as a tool for designing and specifying interventions to improve mine performance. |
| url |
http://dx.doi.org/10.1155/2019/8657348 |
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AT ioannisetsolas mineperformanceassessmentbymeansofstochasticfrontieranalysis |
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