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SYNOPSIS FOR TERM PROJECT

TITLE
Analyzing economic aspect of business environment with respect to the Power Sector.
STATEMENT OF THE PROBLEM
The main problem to study is how the power sector deals with various economic aspects of the business, as well as reviewing the key strategic business decisions undertaken so far to deal with emerging problems.
AIMS OR OBJECTIVES
Following are the main aims of our study- 1. To analyze the economic efficiency in face of emerging sustainable energy sources. 2. To study and understand the various economic models/ theories being used such as the supply constraints, problem of excess demand, government regulations and price subsidization etc. 3. Isolating relevant elements of problems occurring in power sector and consequently develop a managerial model wherein decision making tools (such as regression etc.) can be applied.

REVIEW OF LITERATURE
We did an extensive search on the main problems that we would be studying under our project, as well as the main aim of our study. Thus, the following journals and discussion papers were primarily referred to, namely * "Economic Policy and Regulatory Initiatives to Address Technical Challenges in the Indian Power Sector", Directions, 2006, Research Magazine of IIT Kanpur * "Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries: A Case of the Indian Power Sector", 2007, pp 76, Discussion Paper No: 64, Asian Development Bank Institute, Tokyo. * "Power Sector Reform in India: Current Issues and Prospects", Energy Policy, Elsevier, Volume 34, Issue 16, November 2006. * “Towards a Competitive Market for Electricity and Consumer Choice in Indian Power Sector”, Energy Policy Vol. 38 4196-4208 2010. (Elsevier) * “Analysing Efficiency of Electric Distribution Utilities in India: a Data Envelopment Analysis”

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