Economics of Energy and Treatment of Uncertainty to Incorporate Environmental Considerations in Investment Decisions

Autor: Danae Diakoulaki, L. Papayannakis, S. Mirasgedis
Rok vydání: 1998
Předmět:
Zdroj: Managing in Uncertainty: Theory and Practice ISBN: 9781441948014
DOI: 10.1007/978-1-4757-2845-3_8
Popis: Attributing costs to the environmental impacts of energy production can greatly assist in protecting the natural environment because monetary values are capable of directly influencing energy decisions without changing the rules of the market. Despite the considerable progress made recently in the valuation of environmental damages the reliability of the estimated damage costs is still strongly disputed. This paper is aimed at removing the major sources of uncertainty and generating mean cost values to be used in the selection of energy investments for the expansion of an autonomous electricity system. To this purpose, the costs associated with a set of competing energy technologies are expressed as triangular fuzzy numbers and a fuzzy ranking approach has been applied in order to provide representative crisp cost values.
Databáze: OpenAIRE