Composite Indices for Performance criteria of Taiwan Power Company
Ru Ling Ku
Cherng G. Ding
|關鍵字:||因素分析;經營績效;綜合指標;factor analysis;performance;composite indices|
The purpose of this study is aimed through an overall review of Taipower’s performance at building up an evaluation scale exclusively for this power industry and state-run enterprise under a specific business environment so as to make quick reflection of its performance. A detailed literature study is first made with reference to world-class power corporations at the global top 500 level, and a five-dimension index is concluded, namely productivity, electricity demand & supply management, cost, finance and electric rates. Categorized in these dimensions, a total of 18 variables such as installed capacity, production, peak load, price, etc. are adopted as indices for further variable analysis. Using factor analysis and taking the years 1963 to 2002 as a data base, the power performance composite indices are worked out and summarized below. 1.Through factor analysis, three composite indices are extracted for performance evaluation, namely operating ability, profitability and liquidity, which account for 90.44% of the total variance. 2.The standardized scores derived from of Taipower 1963 to 2002 composite indices indicate that the results meet with its actual performance. 3.It also indicates through the above-said 2003 Performance Evaluation Scale that Taipower’s performance on operating ability and liquidity can keep pace with that of 2002; while its profitability tends declining. It is thus suggested that Taipower keep on its cost cut policy to upgrade the profitability.
|Appears in Collections:||Thesis|