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A Two-stage Approach for Energy Efficiency Analysis in European Union Countries

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  • Georgia Makridou
  • Kostas Andriosopoulos
  • Michael Doumpos
  • Constantin Zopounidis

Abstract

This paper evaluates the energy efficiency of EU countries over the period 20002010. At the first stage, data envelopment analysis (DEA) is used, combining multiple energy consumption data and economic outputs. The efficiency estimates obtained from the analysis are evaluated in a second stage through a multiple criteria decision aiding methodology (MCDA). The proposed non-parametric approach combining DEA with MCDA enables modeling of the problem in an integrated manner, not only providing energy efficiency estimates but also supporting the analysis of the main contributing factors, as well as the development of a benchmarking model for energy efficiency evaluation at the country level.

Suggested Citation

  • Georgia Makridou & Kostas Andriosopoulos & Michael Doumpos & Constantin Zopounidis, 2015. "A Two-stage Approach for Energy Efficiency Analysis in European Union Countries," The Energy Journal, , vol. 36(2), pages 47-70, April.
    • Handle: RePEc:sae:enejou:v:36:y:2015:i:2:p:47-70
    DOI: 10.5547/01956574.36.2.3
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    References listed on IDEAS

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    1. Risto Lahdelma & Pekka Salminen, 2001. "SMAA-2: Stochastic Multicriteria Acceptability Analysis for Group Decision Making," Operations Research, INFORMS, vol. 49(3), pages 444-454, June.
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