SELECTING THE RIGHT PHOTOVOLTAIC SYSTEM USING THE ENTROPY METHOD

George Sebastian Naghiu, Gheorghe Badea, Ioan Aschilean and Ioan Giurca

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2015, vol. 9, issue 1, 976-989

Abstract: The production of renewable energy using the concentrated solar radiation is a field of high scientific level worldwide, while in Romania the research in this field is only in its early stages. In this paper, in order to select the type of photovoltaic system, we suggested the use of multi-criteria methods, where the utilities are determined based on the Neumann-Morgenstern utility theorem, and the importance coefficients are determined based on the Entropy method. According to the elaborated study, we recommend the implementation into practice of the alternative A3, namely the technical solution involving concentrator photovoltaic panels with dual-axis tracker. The conclusions of this study are useful both for the designers of photovoltaic systems as well as for the potential beneficiaries of photovoltaic systems. Obviously, this method can also be used in case of other investment projects from related fields.

Keywords: renewable energy; Entropy method; photovoltaic panels. (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:9:y:2015:i:1:p:976-989

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