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Publications

2017

Expanded eco-efficiency assessment of large mining firms

Authors
Oliveira, R; Camanho, AS; Zanella, A;

Publication
JOURNAL OF CLEANER PRODUCTION

Abstract
Assessing eco-efficiency of companies is important to ensure the creation of wealth without compromising the needs of future generations. This work aims to extend the eco-efficiency concept by including in the assessment new features related to environmental benefits and environmental burdens. This concept is implemented using an innovative Directional Distance Function model, which searches for improvements in the magnitude of the indicators and in the composition of the resources consumed. This framework can help firms to become more sustainable by replacing non-renewable inputs with "greener" alternatives. We present an empirical application to large mining companies. Different scenarios regarding managerial priorities for adjustments to firms' economic and environmental indicators are explored. The results obtained and their managerial implications are discussed in the context of mining firms activity.

2016

The use of composite indicators to evaluate the performance of Brazilian hydropower plants

Authors
Calabria, FA; Camanho, AS; Zanella, A;

Publication
International Transactions in Operational Research

Abstract
This paper investigates the performance of the largest Brazilian hydropower plants. This study covers 78% of the total installed capacity from hydros in the country, and considers indicators reflecting operational and maintenance costs as well as quality of service. The assessment was conducted using a new approach for the construction of composite indicators, based on a directional distance function model. First, we assessed the hydropower plants allowing for complete flexibility in the definition of weights, enabling the identification of underperforming plants, and quantification of their potential for improvement. Next, we assessed the plants considering different perspectives regarding the importance attributed to each indicator. This allowed reflecting different points of view, focusing primarily on operation and maintenance costs or quality issues. The results identify the hydropower plants that can be considered benchmarks in different scenarios, and allow testing the robustness of plants' classification as benchmarks in the unrestricted model. © 2016 The Authors.

2015

Eco-efficiency assessment at firm level: An application to the mining sector

Authors
Oliveira, R; Camanho, A; Zanella, A;

Publication
Operations Research and Big Data: IO2015-XVII Congress of Portuguese Association of Operational Research (APDIO)

Abstract
Assessing firms' Eco-efficiency is important to ensure they succeed in creating wealth without compromising the needs of future generations. This work aims to extend the Eco-efficiency concept by including in the assessment new features related to environmental benefits. Eco-efficiency is evaluated using a DEA model specified with a Directional Distance Function. The new methodology proposed in this paper is illustrated with an application to world-class mining companies, whose results and managerial implications are discussed.

2013

Benchmarking countries' environmental performance

Authors
Zanella, A; Camanho, AS; Dias, TG;

Publication
JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY

Abstract
Environmental performance assessments are often conducted using environmental indicators. Although these indicators provide a starting point for performance assessments, they do not provide guidelines that countries should follow to improve performance. This paper develops an enhanced Data Envelopment Analysis (DEA) model that provides a single summary measure of countries' environmental performance, based on the aggregation of the indicators that underlie the estimation of the Environmental Performance Index (EPI). The DEA model used is based on a novel specification of weight restrictions. The main contribution of the methodology used in this paper is to enable benchmarking in such a way that it becomes possible to identify the strengths and weaknesses of each country, as well as the peers with similar features to the country under assessment. These peers provide examples of good environmental practices that countries with worse performance should follow to improve performance. Journal of the Operational Research Society (2013) 64, 426-438. doi:10.1057/jors.2012.62 Published online 16 May 2012