National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil & gas drilling and production. University of Wisconsin-Madison, Texas A&M Unviersity, and Penn State are working together to develop an Manufacturing System that will allow NOV to maintain their position as worldwide leader. The project has two primary components: 1) develop tools to support decision making regarding manufacturing organizational strategies and 2) develop analytical tools and dashboards to allow better organization of metrics and support to decision-making. A team lead by Andy Johnson from Texas A&M is tackling the second component.
Tag Archives: Energy
Emission at Coal Fired Power Plants
The production of electricity from coal also produces SO2 and NOx. The EPA cap and trade program has been used to regulate NOx admissions. We use a production economics approach to estimate the actual cost to producers to reduce NOx emissions.
Regulating Electricity Distribution in Finland
Finnish electricity distribution regulator has adopted Stochastic nonparametric envelopment of z -data (StoNEZD) to benchmark costs from 2012 onwards. StoNED integrates the two most popular efficiency analysis methods DEA and SFA to a unified framework.