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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… Click to show full abstract
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.
Keywords:
frontier analysis;
mine performance;
mine;
stochastic frontier
Journal Title: Mathematical Problems in Engineering
Year Published: 2019
Link to full text (if available)
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Journal Title: Mathematical Problems in Engineering
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!