DocumentCode
431141
Title
Fuzzy economical analysis of cogeneration project
Author
Sheen, J.N.
Author_Institution
Dept. of Electr. Eng., Cheng-Shiu Univ., Kaohsiung, Taiwan
Volume
C
fYear
2004
fDate
21-24 Nov. 2004
Firstpage
311
Abstract
This paper presents fuzzy net present value and pay back year models as decision measures for cogeneration program decision-making. The current paper verifies the performance of the proposed models by considering a cogeneration program in a petrochemical industry. It is shown that the developed concepts are straightforward and easily implemented compared to the fuzzy ranking methods proposed in previous studies. Furthermore, the developed methods serve as readily implemented sensitivity analysis tools for use in the arena of uncertain decision-making.
Keywords
cogeneration; decision making; fuzzy set theory; power generation economics; sensitivity analysis; cogeneration project; decision-making; fuzzy economical analysis; fuzzy net present value; pay back year models; sensitivity analysis; Chemical industry; Cogeneration; Decision making; Fuel economy; Fuzzy set theory; Fuzzy sets; Humans; Mathematics; Petrochemicals; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
TENCON 2004. 2004 IEEE Region 10 Conference
Print_ISBN
0-7803-8560-8
Type
conf
DOI
10.1109/TENCON.2004.1414769
Filename
1414769
Link To Document