Choosing various alternatives under uncertainty is one of the most common essential decision-making problems.
Many studies have been devoted to this problem, in which various forms of formulation of such problems, accounting of uncertainties and methods of their solution are discussed. Considerable amount of technological and human resources is required for solving them.
Is it possible to estimate the efficiency limits of specific alternatives before solving such problems in a complex formulation?
This example is devoted to finding an answer to this question.
Description of the example
The preliminary assessment of the choice of an alternative under uncertainty will be shown on the possibility of assessing the competitiveness of a photovoltaic power plant (PVPP) with traditional methods of supplying electricity to consumers.
Nowadays, renewable energy is a wide field of discussion for politicians, economists, and environmentalists.
Consumers buy conventionally generated electricity from a specific location at a certain price. Suppose we want to evaluate how competitive a PVPP can be in this location, given the expected cost of electricity generated by the PVPP for consumers, its performance, and the level of uncertainties.
What results can be obtained?
The example demonstrates how a simple evaluation can lead to the following significant result: Is PVPP competitive compared to a conventional system under given parameters?
This result can help us make a choice of one of three options:
The conventional system is preferred.
PVPP is preferred.
A combined system (conventional system plus PVPP) is preferred.
This is a demo version of the example. You cannot change parameter values. To use the full functionality, you need to register.
Photovoltaic Power Plant Competitiveness Calculator
To get information about our cases, please register
