Multi-criteria decision analysis and cost-benefit analysis of alternative scenarios for the power generation sector in Greece

Diakoulaki, D; Karangelis, F

dc.contributor.author	Diakoulaki, D	en
dc.contributor.author	Karangelis, F	en
dc.date.accessioned	2014-03-01T11:44:45Z
dc.date.available	2014-03-01T11:44:45Z
dc.date.issued	2007	en
dc.identifier.issn	1364-0321	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/37144
dc.subject	Cost-benefit analysis	en
dc.subject	Electricity	en
dc.subject	Multicriteria analysis	en
dc.subject	Renewable energy	en
dc.subject	Scenarios	en
dc.subject.classification	Energy & Fuels	en
dc.subject.other	Cost benefit analysis	en
dc.subject.other	Decision support systems	en
dc.subject.other	Electric utilities	en
dc.subject.other	Energy policy	en
dc.subject.other	Environmental impact	en
dc.subject.other	Renewable energy resources	en
dc.subject.other	Strategic planning	en
dc.subject.other	Electricity generation technologies	en
dc.subject.other	Financial analysis	en
dc.subject.other	Multicriteria analysis	en
dc.subject.other	Scenarios	en
dc.subject.other	Electric power generation	en
dc.title	Multi-criteria decision analysis and cost-benefit analysis of alternative scenarios for the power generation sector in Greece	en
heal.type	other	en
heal.identifier.primary	10.1016/j.rser.2005.06.007	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.rser.2005.06.007	en
heal.language	English	en
heal.publicationDate	2007	en
heal.abstract	This paper examines four mutually exclusive scenarios for the expansion of the Greek electricity system developed by official authorities and representing alternative views on meeting electricity demand. The aim is to encompass all positive and negative side-effects characterizing the electricity generation technologies assumed to participate in each scenario and emphasis is given to the particular role of renewable energy sources which represent a major differentiating factor between them. The calculation of economic, technical and environmental performances of the examined scenarios for the year 2010 shows that electricity planning is a complicated task since improvements in one policy target are accompanied by losses in others. In order to resolve this conflict, the scenarios are comparatively evaluated with two decision support techniques, multicriteria decision analysis and cost-benefit analysis, which are capable of broadening the strict boundaries of a financial analysis while avoiding intuitive solutions that are often applied in practice. Following the two completely different evaluation approaches, it is confirmed that the scenario assuming the highest penetration of renewable energy sources is the best compromise configuration for the Greek power generation sector. (c) 2006 Elsevier Ltd. All rights reserved.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Renewable and Sustainable Energy Reviews	en
dc.identifier.doi	10.1016/j.rser.2005.06.007	en
dc.identifier.isi	ISI:000243143800008	en
dc.identifier.volume	11	en
dc.identifier.issue	4	en
dc.identifier.spage	716	en
dc.identifier.epage	727	en