Multicriteria analysis vs. externalities assessment for the comparative evaluation of electricity generation systems

Mirasgedis, S; Diakoulaki, D

dc.contributor.author	Mirasgedis, S	en
dc.contributor.author	Diakoulaki, D	en
dc.date.accessioned	2014-03-01T01:13:12Z
dc.date.available	2014-03-01T01:13:12Z
dc.date.issued	1997	en
dc.identifier.issn	0377-2217	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/12357
dc.subject	Energy	en
dc.subject	Environment	en
dc.subject	External costs	en
dc.subject	Multiple criteria	en
dc.subject.classification	Management	en
dc.subject.classification	Operations Research & Management Science	en
dc.subject.other	Cost effectiveness	en
dc.subject.other	Decision making	en
dc.subject.other	Electric power plants	en
dc.subject.other	Energy policy	en
dc.subject.other	Energy resources	en
dc.subject.other	Energy utilization	en
dc.subject.other	Environmental impact	en
dc.subject.other	Marketing	en
dc.subject.other	Numerical analysis	en
dc.subject.other	Reliability	en
dc.subject.other	Value engineering	en
dc.subject.other	Energy decisions	en
dc.subject.other	Energy production	en
dc.subject.other	Environmental planning	en
dc.subject.other	Multiple criteria	en
dc.subject.other	Electric power utilization	en
dc.title	Multicriteria analysis vs. externalities assessment for the comparative evaluation of electricity generation systems	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/S0377-2217(97)00115-X	en
heal.identifier.secondary	http://dx.doi.org/10.1016/S0377-2217(97)00115-X	en
heal.language	English	en
heal.publicationDate	1997	en
heal.abstract	Attributing costs to the environmental impacts of energy production and use could greatly assist in environmental planning 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 externalities there is still an open debate about the reliability of the estimated damage costs. This paper is aimed at comparing the external costs calculated for a number of power plants using different energy sources with the outcome of a multicriteria analysis where environmental impacts are expressed in physical terms or on a qualitative scale. Similarities and disparities in the obtained rankings are identified and clarified on the basis of the fundamental principles of the two approaches. It is concluded that, although external costs do not accurately reflect the traditional value system of individual decision makers, they give suitable price signals and thus help in eliminating distortions of the current energy market. (C) 1997 Elsevier Science B.V.	en
heal.publisher	ELSEVIER SCIENCE BV	en
heal.journalName	European Journal of Operational Research	en
dc.identifier.doi	10.1016/S0377-2217(97)00115-X	en
dc.identifier.isi	ISI:A1997YD94800010	en
dc.identifier.volume	102	en
dc.identifier.issue	2	en
dc.identifier.spage	364	en
dc.identifier.epage	379	en