A novel methodology employed for ranking and consolidating performance indicators in holding companies with multiple power plants based on multi-criteria decision-making method

Abstract

A large international energy corporation owning power operations in several countries, including several generation plants as well as transmission and distribution units in Brazil's energy matrix, adopts for quite some time now the policy that performance monitoring should be left to each individual operation's management. This decentralized approach is viewed as undoubtedly having a number of managerial advantages, so much, so that it is currently in force and performance indicators are being established locally. This approach, however, has the basic disadvantage that quantitative comparisons are hard to make between operations, i.e., adequate tactical comparative assessment at corporate level, with immediate and potential unfavorable implications. Therefore, the present work undertakes to investigate the possibility of consolidating a comprehensive set of indicators capable of accommodating more possibilities of comparison between different power generation plants. The research also employs an effective ranking method in order to take as much managerial advantage as possible of the new body of identified indicators. An application example involving a set of selected indicators is presented.

Keywords

• Maintenance
• Performance
• Asset management
• Indicator
• Ranking