Research on Risk Evaluation of Transnational Power Networking Projects Based on the Matter-Element Extension Theory and Granular Computing

Jinying Li, Fan Wu, Jinchao Li and Yunqi Zhao
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Jinying Li: Department of Economics and Management, North China Electric Power University, Baoding 071003, China
Fan Wu: Department of Economics and Management, North China Electric Power University, Baoding 071003, China
Jinchao Li: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Yunqi Zhao: State Grid Energy Research Institute, Beijing 102206, China

Energies, 2017, vol. 10, issue 10, 1-19

Abstract: In project management, risk assessment is crucial for stakeholders to identify the risk factors during the whole life cycle of the project. A risk evaluation index system of a transnational networking project, which provides an effective way for the grid integration of clean electricity and the sustainable development of the power industry, is constructed in this paper. Meanwhile, a combination of granular computing and order relation analysis (G1 method) is applied to determine the weight of each indicator and the matter-element extension evaluation model is also employed to seek the global optimal decision during the risk assessment. Finally, a case study is given to validate the index system and evaluation model established in this paper by assessing two different investment schemes of a transnational high voltage direct current (HVDC) transmission project. The result shows that the comprehensive risk level of Scheme 1 is “Low” and the level of Scheme 2 is “General”, which means Scheme 1 is better for the stakeholders from the angle of risk control. The main practical significance of this paper lies in that it can provide a reference and decision support for the government’s power sectors, investment companies and other stakeholders when carrying out related activities.

Keywords: transnational networking project; risk evaluation; granular computing; G1 method; matter-element extension evaluation model (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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