Computational methods for planning and evaluating geothermal energy projects

Computational methods for planning and evaluating geothermal energy projects

In planning, designing and evaluating a geothermal energy project, a number of technical, economic, social and environmental parameters should be considered. The use of computational methods provides a rigorous analysis improving the decision-making process. This article demonstrates the application...

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Bibliographic Details
Published in:Energy policy Vol. 27; no. 3; pp. 147 - 154
Main Authors: Goumas, M.G, Lygerou, V.A, Papayannakis, L.E
Format: Journal Article
Language:English
Published: Oxford Elsevier Ltd 01-03-1999
Elsevier
Elsevier Science Ltd
Series:Energy Policy
Subjects:
Applied sciences
Decision making
Economic data
Energy
Energy economics
Energy planning
Energy policy
Exact sciences and technology
General, economic and professional studies
Geothermal energy
Geothermal power
Methodology. Modelling
Methods
Monte Carlo simulation
Multicriteria analysis
Natural energy
Planning methods
Project evaluation
Stochastic models
Studies
Project evaluation
Multicriteria analysis
Geothermal energy
Monte Carlo method
Optimal strategy
Economic value
Decision making
Technicoeconomic study
Economic optimization
Computer aided design
Exploitation
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Summary:In planning, designing and evaluating a geothermal energy project, a number of technical, economic, social and environmental parameters should be considered. The use of computational methods provides a rigorous analysis improving the decision-making process. This article demonstrates the application of decision-making methods developed in operational research for the optimum exploitation of geothermal resources. Two characteristic problems are considered: (1) the economic evaluation of a geothermal energy project under uncertain conditions using a stochastic analysis approach and (2) the evaluation of alternative exploitation schemes for optimum development of a low enthalpy geothermal field using a multicriteria decision-making procedure.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0301-4215
1873-6777
DOI:10.1016/S0301-4215(99)00007-5