A Hybrid Optimization Model to Assess the Investment Benefits of Biomass Power Generation Enterprises Based on AHP-FCE Algorithm

Jump To References Section

Authors

  • Dept. of Economics and Management, North China Electric Power University, Baoding 071003 ,CN
  • Dept. of Economics and Management, North China Electric Power University, Baoding 071003 ,CN
  • Institute of Agricultural Economics and Development, Chinese Academy of Agricultural Sciences, Beijing 100081 ,CN

DOI:

https://doi.org/10.18311/ijprvd/2020/27051

Keywords:

Hybrid Optimization Model, Biomass Power Generation Enterprises, Investment Benefits, AHP-FCE Algorithm.

Abstract

The biomass resources represented by crop straw is abundant in China, the biomass power generation has characteristics of good quality of power generated, high reliability and mature technology. It plays significant aspects in maintaining the safety of energy, optimizing energy structure, alleviating environmental pollution and promoting the economic development in the rural areas. Currently, the unit investment cost of biomass power generation is relatively high, which is equivalent to about twice of the same scale of traditional coal-fired power generation, and its economic benefit is poor. This article constructed the investment benefits evaluation model of biomass power generation enterprises based on analytic hierarchy process (AHP) and fuzzy comprehensive evaluation (FCE) from the three angles of economic benefits, environmental benefits and social benefits. The hybrid method can take full advantage of the characteristics of concise and practical, less quantitative data information needed and strong systemic, clear results. Combining of the two methods to evaluate the single evaluation object is one of the most appropriate strategies. The evaluation results showed that the membership degree of comprehensive investment benefits to more strong is 0.4861, the comprehensive benefits of biomass power generation enterprises in China are higher, and which has good development prospects.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

Downloads

Published

2020-08-01

How to Cite

Liu, Z., Wang, X., & Ren, A. (2020). A Hybrid Optimization Model to Assess the Investment Benefits of Biomass Power Generation Enterprises Based on AHP-FCE Algorithm. Indian Journal of Power and River Valley Development, 70(7&8), 111–118. https://doi.org/10.18311/ijprvd/2020/27051