Serbian Hydropower Plants Selection Based on Elementary Turbine Parameters Using Multi- Criteria Decisions Making

Radjenovic, Zarko and Boskov, Tatjana and Pantic, Anđela (2017) Serbian Hydropower Plants Selection Based on Elementary Turbine Parameters Using Multi- Criteria Decisions Making. In: International Scientific Conference EMAN 2017 "Economics & Management: Globalization Challenges", 30 March 2017, Ljubljana, Slovenia.


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The problem of electricity deficit and inadequate utilization of existing water facilities, as well as insufficient analysis of hydro potential of Serbia, has led to the emergence of increasing electricity imports. Specifically, policy makers of power industry should pay more attention to global trends in the production of electricity. There are primarily related to increase production by building small, local hydropower plant, which will meet the needs with its potential at a micro level. This is achieved not only reducing the distribution network losses and costs of electricity distribution, but also large hydro centers relieve pressure of insufficient capacity to supply the whole region and even country. Unused hydro potential and consequently electricity purchasing raise its price so the efficiency of existing hydro system is questionable. The subject of this paper is therefore efficiency analysis of existing hydropower plants and their selection and ranking, based on key technical and production characteristics. The selection of these hydropower plants will be implemented by the method of multi-criteria decision-making based on the software Expert Choice. The software uses AHP method (Analytical Hierarchy Process) for determining the mutual importance of given criteria and their priorities and subsequent ranking of alternatives. This software has the possibility to conduct sensitivity analysis and visualization based on a simple interactive mode, shift the weight of criteria and alternatives. Also, it allows decision makers priority sorting alternatives in order to choose the best possible solution, in this case the most efficient model hydropower plants in Serbia.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tatjana Boskov
Date Deposited: 14 Aug 2017 13:18
Last Modified: 14 Aug 2017 13:18

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