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.
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.
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.