Energy performance contracting, risk factors, and policy implications: Identification and analysis of risks based on the best-worst network method

Zhenfeng Wang, Guangyin Xu, Ruojue Lin, Heng Wang and Jingzheng Ren

Energy, 2019, vol. 170, issue C, 1-13

Abstract: The Energy Performance Contracting (EPC) industry in China faces many severe risks that hinder its development. This study aims at identifying the risk factors in China's EPC industry, developing a generic method for prioritizing these factors and identifying the key risk factors, and proposing some policy implications for China's decision-makers to draft effective measures and policies to promote the harmonious development of EPC industry in China. A total of 21 risk factors in five categories including external environmental risks, managerial and operational risks, financial and market risks, technical risks, and client risks are identified. A best-worst network (BWN) method was developed for ranking these risk factors based on the traditional Analytic Network Process (ANP) and the BW method. The results determined the BWN method were validated by ANP method, and the results determined by the BWN method were also compared with that determined by Analytic Hierarchy Process (AHP) method. According to the results, some policy implications have also been proposed for China's decision-makers.

Keywords: Energy performance contracting; Analytic network process; Best-worst method; Risk factors (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S036054421832512X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:170:y:2019:i:c:p:1-13

DOI: 10.1016/j.energy.2018.12.140

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().