Campus Units

Industrial and Manufacturing Systems Engineering

Document Type

Article

Publication Version

Published Version

Publication Date

2004

Journal or Book Title

International Journal of Management

Volume

21

Issue

2

First Page

186

Last Page

193

Abstract

The electric power industry in the United States is undergoing substantial changes in power gene ration business as well as in environmental regulation. Under these changes, it is highly desirable for the electric power industry to objectively and quantitatively examine generation planning, which often involves a multiple number of different experts with multi-criteria for decision making. In this paper, we consider these two key aspects in generation planning (multi-experts/multi-criteria), and integrate an analytic hierarchy process for multi-criteria decision making and a Bayesian approach for combining experts' opinions. Our efforts lead to a comprehensive numerical example that illustrates multi-experts/multi-criteria generation planning for the electric power industry. Managerial insights and economic implications are provided throughout this paper.

Comments

This is an article from the International Journal of Management 21 (2004): 186. Posted with permission.

Rights

This work is licensed under a Creative Commons | Attribution-NonCommercial 3.0 Unported License.

Copyright Owner

Globeedu Group

Language

en

File Format

application/pdf

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