A Study of Power Project Investment Decision Making Based on AHP and Grey Relevancy Degree Method

Author

Zhao Qiaozhi

Author_Institution

Econ. & Manage. Sch., North China Electr. Power Univ., Baoding, China

fYear

2010

fDate

22-23 May 2010

Firstpage

1

Lastpage

4

Abstract

Project investment decision-making system is a typical grey system which has the characteristics of some information uncertainty. This thesis tries to combine organically grey system theory with AHP. It computes judgement matrix and builds model through weighted grey relevancy degree, which provide an efficient decision making pathway. Grey relevancy analysis method is used to handle with power project investment decision making process. Then the multi-objects are weighted through AHP method. Finally, weighted grey relevancy degree is computed to select the optimal investment plan from alternatives which leads decision making result is more scientific.

Keywords

decision making; grey systems; investment; project management; AHP method; grey relevancy degree method; information uncertainty; judgement matrix; optimal investment plan; power project investment decision making system; weighted grey relevancy; Decision making; Energy management; Fuzzy systems; Investments; Power generation economics; Power system economics; Power system modeling; Probability; Statistics; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Intelligent Systems and Applications (ISA), 2010 2nd International Workshop on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-5872-1

Electronic_ISBN

978-1-4244-5874-5

Type

conf

DOI

10.1109/IWISA.2010.5473487

Filename

5473487