Performance Benchmarking in Utility Regulation: The ... - IWA
Performance Benchmarking in Utility Regulation: The ... - IWA
Performance Benchmarking in Utility Regulation: The ... - IWA
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Introduction (cont.)<br />
Competitive<br />
environment<br />
Competition by comparison<br />
(Yardstick competition - YC)<br />
<strong>Benchmark<strong>in</strong>g</strong><br />
“<strong>Benchmark<strong>in</strong>g</strong> can be briefly def<strong>in</strong>ed as the process of<br />
seek<strong>in</strong>g excellence through the systematic comparison of<br />
performance measures with reference standards”<br />
(Marques, 2006)<br />
4