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Research on Utility Evaluation of Grid Investment considering Risk Preference of Decision-Makers
Joint Authors
Wu, Hongliang
Peng, Daoxin
Wang, Ling
Source
Mathematical Problems in Engineering
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-16, 16 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-07-29
Country of Publication
Egypt
No. of Pages
16
Main Subjects
Abstract EN
Effectiveness evaluations are one of the important ways to guide grid investment and to improve investment efficiency.
Improving the effectiveness of grid investment evaluations is studied based on the optimization of the investment evaluation index system and the utility evaluation model.
The index system is optimized by establishing an evaluation index system of grid investment effectiveness, considering the redundancy between the indices, and constructing an ISM-DEA model.
The utility function model was introduced to fully consider the different risk appetites of decision-makers, and a utility evaluation model that takes risk appetite into account was established.
An improved weight integration model based on multiobjective optimization was established by considering the minimum deviation and the trend-optimal objective function when setting the index weights.
The calculation results show that the feasibility of the index system optimization model and utility evaluation model constructed in this study is verified under the premise of satisfying the assumptions.
By adjusting the risk preference coefficient of decision-makers, the dynamic optimization of the grid investment utility evaluation results can be realized.
American Psychological Association (APA)
Wu, Hongliang& Peng, Daoxin& Wang, Ling. 2020. Research on Utility Evaluation of Grid Investment considering Risk Preference of Decision-Makers. Mathematical Problems in Engineering،Vol. 2020, no. 2020, pp.1-16.
https://search.emarefa.net/detail/BIM-1194497
Modern Language Association (MLA)
Wu, Hongliang…[et al.]. Research on Utility Evaluation of Grid Investment considering Risk Preference of Decision-Makers. Mathematical Problems in Engineering No. 2020 (2020), pp.1-16.
https://search.emarefa.net/detail/BIM-1194497
American Medical Association (AMA)
Wu, Hongliang& Peng, Daoxin& Wang, Ling. Research on Utility Evaluation of Grid Investment considering Risk Preference of Decision-Makers. Mathematical Problems in Engineering. 2020. Vol. 2020, no. 2020, pp.1-16.
https://search.emarefa.net/detail/BIM-1194497
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1194497