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

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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


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