IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v10y2017i10p1523-d114143.html
   My bibliography  Save this article

Research on Risk Evaluation of Transnational Power Networking Projects Based on the Matter-Element Extension Theory and Granular Computing

Author

Listed:
  • Jinying Li

    (Department of Economics and Management, North China Electric Power University, Baoding 071003, China)

  • Fan Wu

    (Department of Economics and Management, North China Electric Power University, Baoding 071003, China)

  • Jinchao Li

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Yunqi Zhao

    (State Grid Energy Research Institute, Beijing 102206, China)

Abstract

In project management, risk assessment is crucial for stakeholders to identify the risk factors during the whole life cycle of the project. A risk evaluation index system of a transnational networking project, which provides an effective way for the grid integration of clean electricity and the sustainable development of the power industry, is constructed in this paper. Meanwhile, a combination of granular computing and order relation analysis (G1 method) is applied to determine the weight of each indicator and the matter-element extension evaluation model is also employed to seek the global optimal decision during the risk assessment. Finally, a case study is given to validate the index system and evaluation model established in this paper by assessing two different investment schemes of a transnational high voltage direct current (HVDC) transmission project. The result shows that the comprehensive risk level of Scheme 1 is “Low” and the level of Scheme 2 is “General”, which means Scheme 1 is better for the stakeholders from the angle of risk control. The main practical significance of this paper lies in that it can provide a reference and decision support for the government’s power sectors, investment companies and other stakeholders when carrying out related activities.

Suggested Citation

  • Jinying Li & Fan Wu & Jinchao Li & Yunqi Zhao, 2017. "Research on Risk Evaluation of Transnational Power Networking Projects Based on the Matter-Element Extension Theory and Granular Computing," Energies, MDPI, vol. 10(10), pages 1-19, October.
    • Handle: RePEc:gam:jeners:v:10:y:2017:i:10:p:1523-:d:114143
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/10/10/1523/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/10/10/1523/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Boris Kaiser & Michael Siegenthaler, 2016. "The Skill‐biased Effects of Exchange Rate Fluctuations," Economic Journal, Royal Economic Society, vol. 0(592), pages 756-780, May.
    2. Xiaomin Xu & Dongxiao Niu & Jinpeng Qiu & Meiqiong Wu & Peng Wang & Wangyue Qian & Xiang Jin, 2016. "Comprehensive Evaluation of Coordination Development for Regional Power Grid and Renewable Energy Power Supply Based on Improved Matter Element Extension and TOPSIS Method for Sustainability," Sustainability, MDPI, vol. 8(2), pages 1-17, February.
    3. Qunli Wu & Chenyang Peng, 2016. "Comprehensive Benefit Evaluation of the Power Distribution Network Planning Project Based on Improved IAHP and Multi-Level Extension Assessment Method," Sustainability, MDPI, vol. 8(8), pages 1-18, August.
    4. Mahmoud A. Eissa & Boping Tian, 2017. "Lobatto-Milstein Numerical Method in Application of Uncertainty Investment of Solar Power Projects," Energies, MDPI, vol. 10(1), pages 1-19, January.
    5. He-Yau Kang & Amy H. I. Lee & Tzu-Ting Huang, 2016. "Project Management for a Wind Turbine Construction by Applying Fuzzy Multiple Objective Linear Programming Models," Energies, MDPI, vol. 9(12), pages 1-15, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xiaoling Wang & Hongling Yu & Peng Lv & Cheng Wang & Jun Zhang & Jia Yu, 2019. "Seepage Safety Assessment of Concrete Gravity Dam Based on Matter-Element Extension Model and FDA," Energies, MDPI, vol. 12(3), pages 1-21, February.
    2. Jakub Horak & Tomas Krulicky & Zuzana Rowland & Veronika Machova, 2020. "Creating a Comprehensive Method for the Evaluation of a Company," Sustainability, MDPI, vol. 12(21), pages 1-23, November.
    3. Yunqi Zhao & Jing Xiang & Jiaming Xu & Jinying Li & Ning Zhang, 2019. "Study on the Comprehensive Benefit Evaluation of Transnational Power Networking Projects Based on Multi-Project Stakeholder Perspectives," Energies, MDPI, vol. 12(2), pages 1-21, January.
    4. Jinying Li & Jiaming Xu & Xin Tan, 2018. "Dynamic Comprehensive Benefit Evaluation of the Transnational Power Grid Interconnection Project Based on Combination Weighting and TOPSIS Grey Projection Method," Sustainability, MDPI, vol. 10(12), pages 1-15, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ubaid Ullah Khan & Yousaf Ali & Mónika Garai-Fodor & Ágnes Csiszárik-Kocsir, 2023. "Application of Project Management Techniques for Timeline and Budgeting Estimates of Startups," Sustainability, MDPI, vol. 15(21), pages 1-18, November.
    2. Xiaoye Jin & Meiying Li & Fansheng Meng, 2019. "Comprehensive Evaluation of the New Energy Power Generation Development at the Regional Level: An Empirical Analysis from China," Energies, MDPI, vol. 12(23), pages 1-15, December.
    3. Peter H. Egger & Johannes Schwarzer & Anirudh Shingal, 2018. "Labour market effects of currency appreciation: The case of Switzerland," RSCAS Working Papers 2018/30, European University Institute.
    4. Arthur Korus, 2016. "Currency Overvaluation and R&D Spending," EIIW Discussion paper disbei218, Universitätsbibliothek Wuppertal, University Library.
    5. Quan Xiao & Shanshan Wan & Fucai Lu & Shun Li, 2019. "Risk Assessment for Engagement in Sharing Economy of Manufacturing Enterprises: A Matter–Element Extension Based Approach," Sustainability, MDPI, vol. 11(17), pages 1-29, September.
    6. Richard Friberg & Mark Sanctuary, 2020. "Exchange rate risk and the skill composition of labor," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 156(2), pages 287-312, May.
    7. Ma, Yiju & Chapman, Archie C. & Verbič, Gregor, 2022. "Valuation of compound real options for co-investment in residential battery systems," Applied Energy, Elsevier, vol. 318(C).
    8. Kozlova, Mariia, 2017. "Real option valuation in renewable energy literature: Research focus, trends and design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 180-196.
    9. Ester Faia, 2017. "Competitiveness, labor market institutions, and monetary policy," IZA World of Labor, Institute of Labor Economics (IZA), pages 383-383, August.
    10. Assereto, Martina & Byrne, Julie, 2021. "No real option for solar in Ireland: A real option valuation of utility scale solar investment in Ireland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    11. Haixiang Zang & Mian Guo & Zeyu Qian & Zhinong Wei & Guoqiang Sun, 2016. "A Novel Method for Fast Configuration of Energy Storage Capacity in Stand-Alone and Grid-Connected Wind Energy Systems," Sustainability, MDPI, vol. 8(12), pages 1-9, December.
    12. Johnston, David W. & Shields, Michael A. & Suziedelyte, Agne, 2017. "World Commodity Prices, Job Security and Health: Evidence from the Mining Industry," IZA Discussion Papers 11251, Institute of Labor Economics (IZA).
    13. Aleksandra Bączkiewicz & Bartłomiej Kizielewicz & Andrii Shekhovtsov & Mykhailo Yelmikheiev & Volodymyr Kozlov & Wojciech Sałabun, 2021. "Comparative Analysis of Solar Panels with Determination of Local Significance Levels of Criteria Using the MCDM Methods Resistant to the Rank Reversal Phenomenon," Energies, MDPI, vol. 14(18), pages 1-21, September.
    14. He, Xinming & Rizov, Marian & Zhang, Xufei, 2022. "Workforce size adjustment as a strategic response to exchange rate shocks: A strategy-tripod application to Chinese firms," Journal of Business Research, Elsevier, vol. 138(C), pages 203-213.
    15. Shuyu Li & Rongrong Li, 2019. "Evaluating Energy Sustainability Using the Pressure-State-Response and Improved Matter-Element Extension Models: Case Study of China," Sustainability, MDPI, vol. 11(1), pages 1-20, January.
    16. Piera Bello, 2017. "Exchange rate fluctuations and border crossings: evidence from the Swiss-Italian border," IdEP Economic Papers 1701, USI Università della Svizzera italiana.
    17. Matthias Flückiger & Christian Rutzer & Rolf Weder, 2016. "Die Schweizer Wirtschaft zwischen Hammer und Amboss: Eine Analyse der "Franken-Schocks" 2010/11 und 2015," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 67(03), pages 95-133, December.
    18. Huang, Chuangxia & Zhao, Xian & Deng, Yunke & Yang, Xiaoguang & Yang, Xin, 2022. "Evaluating influential nodes for the Chinese energy stocks based on jump volatility spillover network," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 81-94.
    19. Huizheng Ji & Dongxiao Niu & Meiqiong Wu & Duoduo Yao, 2017. "Comprehensive Benefit Evaluation of the Wind-PV-ES and Transmission Hybrid Power System Consideration of System Functionality and Proportionality," Sustainability, MDPI, vol. 9(1), pages 1-17, January.
    20. Yu, Xuchao & Liang, Wei & Zhang, Laibin & Reniers, Genserik & Lu, Linlin, 2018. "Risk assessment of the maintenance process for onshore oil and gas transmission pipelines under uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 177(C), pages 50-67.

    More about this item

    Keywords

    transnational networking project; risk evaluation; granular computing; G1 method; matter-element extension evaluation model;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:10:y:2017:i:10:p:1523-:d:114143. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.