Pablo Aragonés-Beltrán, Fidel Chaparro-González, Juan-Pascual Pastor-Ferrando, Andrea Pla-Rubio
In this paper the AHP (Analytic Hierarchy Process) and the ANP (Analytic Network Process) are applied to
help the managing board of an important Spanish solar power investment company to decide whether to
invest in a particular solar-thermal power plant project and, if so, to determine the order of priority of the
projects in the company’s portfolio.
Project management goes through a long process, from obtaining the required construction permits
and authorizations, negotiating with different stakeholders, complying with complex legal regulations,
to solving the technical problems associated with plant construction and distribution of the energy
generated. The whole process involves high engineering costs.
The decision approach proposed in this paper consists of three phases. In the first two phases, the
managing board must decide whether to accept or reject a project according to a set of criteria previously
identified by the technical team. The third phase consists of establishing a priority order among the
projects that have proven to be economically profitable based on project risk levels and execution time
This work analyzes the criteria that should be taken into account to accept or reject proposals for
investment, as well as the risks used to prioritize some projects over others.
|Year of publication||2014|
|Reference||Pablo Aragonés-Beltrán, Fidel Chaparro-González, Juan-Pascual Pastor-Ferrando, Andrea Pla-Rubio (), . Energy, , p. 222|