Korean Management Science Review (경영과학)

The Korean Operations Research and Management Science Society (한국경영과학회)
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Influences of Energy Production Estimation Errors on Project Feasibility Indicators of a Wind Project and Critical Factor Analysis by AHP

풍력발전사업 에너지생산량 산정 오차가 사업성지표에 미치는 영향 및 AHP를 이용한 중요인자 분석

  • 김영경 (서울과학기술대) ;
  • 장병만 (서울과학기술대 글로벌융합산업공학과)
  • Received : 2013.02.13
  • Accepted : 2013.04.23
  • Published : 2013.07.31
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Abstract

Case studies are made to investigate the relationship between the accuracy of energy production estimation and project feasibility indicators such as rate of return on equity (ROE) and debt service coverage ratio (DSCR) for three wind farm projects. It is found out that 1% improvement in the accuracy of energy production estimation may enhance the ROE by more than 0.5% in the case of P95, thanks to improved financing terms. AHP survey shows that MCP correlation of measured in situ wind data with long term wind speed distribution and hands-on experiences of flow analysis are more important than other factors for more precise annual energy production estimation.

Keywords

References

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