Offshore Wind Energy in Emerging Countries - A Decision Support System for the Assessment of Projects.

authored by

André Koukal, Michael H. Breitner

Abstract

Energy consumption is constantly on the increase all over the world. Especially fast-growing economies in emerging countries contribute to this increase. In addition, the climate change effects of greenhouse gas emissions are becoming more and more evident. Today it has become necessary to expand renewable energies, and offshore wind energy in particular to emerging countries. We provide decision support for assessing projects and general financial conditions, respectively. To that end, research artifacts are constructed and evaluated according to the design science research (DSR) principles. A discounted cash flow (DCF) model in combination with a Monte Carlo simulation (MCS) to consider critical project risks forms the basis of our decision support system (DSS). The applicability of the DSS is evaluated with an offshore wind project in Brazil. According to Green information systems (IS), our DSS contributes to economic sustainability.

Organisation(s)

Institute of Computer Science for Business Administration

Type

Paper

Pages

865-874

No. of pages

10

Publication date

2014

Publication status

Published

Peer reviewed

Yes

ASJC Scopus subject areas

General Engineering

Sustainable Development Goals

SDG 7 - Affordable and Clean Energy, SDG 13 - Climate Action

Electronic version(s)

https://doi.org/10.1109/hicss.2014.115 (Access: Closed)