A Framework of Cost-Effectiveness Analysis for Alternative Energy Strategies
Strategies for implementing alternative energy sources are drawing growing attention as global environmental and other challenges raise concerns over energy consumption. Cost-effectiveness is an important criterion for assessing strategy applicability. Currently, few economic studies have been performed on alternative energy in a systematic approach. Thus, this article establishes a framework for such analysis that summarizes a consensus of anticipated changes resulting from the use of representative alternative energy types and presents an adaptive scheme of cost estimation. Consequently, it is able to provide a basis for systematic cost-effectiveness analysis of alternative strategy research and practice. A case study developed as part of this research project demonstrates the functionality of the framework and shows how it assists engineering managers, policy makers, and investors in asset acquisition, strategy deployment, or operations and maintenance.
R. Qin et al., "A Framework of Cost-Effectiveness Analysis for Alternative Energy Strategies," EMJ - Engineering Management Journal, vol. 24, no. 4, pp. 18-35, Taylor & Francis, Dec 2012.
The definitive version is available at http://dx.doi.org/10.1080/10429247.2012.11431953
Engineering Management and Systems Engineering
Keywords and Phrases
Alternative Energy Strategies; Cost Estimation; Cost-Effectiveness Analysis; Decision Making; Adaptive Scheme; Cost Estimations; Economic Study; Engineering Managers; Operations And Maintenance; Policy Makers; Strategy Research; Decision Making; Energy Utilization; Research; Cost Benefit Analysis
International Standard Serial Number (ISSN)
Article - Journal
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