Integrating Data Envelopment Analysis and Grey System Theory to Access Ho Chi Minh City Power Corporation Performance Analysis

Abstract

Any study of the development of the economy must take into account the role of the electricity sector. This is the sector promoting production, improving competitiveness, and attracting investment. With the motto "electricity goes one step ahead," the power sector has contributed to the restructuring of the industry, economic recovery and growth, security and defense. Specifically, agriculture, forestry and fishery production activities of rural and mountainous areas have been oriented toward commodity and export markets. Improved services and quality of electricity have encouraged domestic and foreign businesses to be comfortable and expand their production. This study will provide some insights after combining the results of Data Envelopment Analysis and Grey System Theory – GM(1,1). Using Data Envelopment Analysis, the researcher input some performance attributes, classify them as inputs and outputs, and then use them for Data Envelopment Analysis researches. For evaluating this industry, the researcher used Malmquist Productivity Index from 2012 to 2016 and used GM (1,1) for forecasting, which provides better “Past – Present – Future” insights for decision makers.