Survey of the most influential parameters on the wind farm net present value (NPV) by adaptive neuro-fuzzy approach

Dalibor Petković, Shahaboddin Shamshirband (), Amirrudin Kamsin, Malrey Lee, Obrad Anicic and Vlastimir Nikolić

Renewable and Sustainable Energy Reviews, 2016, vol. 57, issue C, 1270-1278

Abstract: The main objective of wind farm modeling is to maximize wind farm efficiency. The optimal wind turbine placement on a wind farm could be modified by taking economic aspects into account. The net present value (NPV) is the most important criteria for project investment estimating. The general approach in deciding the distinctive choice for a task through NPV is to treat the money streams as known with conviction. Even little deviations from the decided beforehand values might effectively negate the choice. To assess the investment risk of wind power project, this paper constructed a process that selected the most influential wind farm parameters on the NPV with adaptive neuro-fuzzy (ANFIS) method. This procedure is typically called variable selection, which corresponds to finding a subset of the full set of recorded variables that exhibits good predictive abilities. Variable seeking utilizing the ANFIS system was performed to figure out how the seven wind farm parameters affect the NPV of the wind farm.

Keywords: Wind farm; ANFIS; Net present value (NPV); Wind turbine; Variable selection (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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DOI: 10.1016/j.rser.2015.12.175

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