IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v9y2015i1p976-989.html
   My bibliography  Save this article

Selecting The Right Photovoltaic System Using The Entropy Method

Author

Listed:
  • George Sebastian NAGHIU
  • Gheorghe BADEA
  • Ioan ASCHILEAN
  • Ioan GIURCA

Abstract

The production of renewable energy using the concentrated solar radiation is a field of high scientific level worldwide, while in Romania the research in this field is only in its early stages. In this paper, in order to select the type of photovoltaic system, we suggested the use of multi-criteria methods, where the utilities are determined based on the Neumann-Morgenstern utility theorem, and the importance coefficients are determined based on the Entropy method. According to the elaborated study, we recommend the implementation into practice of the alternative A3, namely the technical solution involving concentrator photovoltaic panels with dual-axis tracker. The conclusions of this study are useful both for the designers of photovoltaic systems as well as for the potential beneficiaries of photovoltaic systems. Obviously, this method can also be used in case of other investment projects from related fields.

Suggested Citation

  • George Sebastian NAGHIU & Gheorghe BADEA & Ioan ASCHILEAN & Ioan GIURCA, 2015. "Selecting The Right Photovoltaic System Using The Entropy Method," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 976-989, November.
  • Handle: RePEc:rom:mancon:v:9:y:2015:i:1:p:976-989
    as

    Download full text from publisher

    File URL: http://conference.management.ase.ro/archives/2015/pdf/104.pdf
    Download Restriction: no

    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:rom:mancon:v:9:y:2015:i:1:p:976-989. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ciocoiu Nadia Carmen). General contact details of provider: http://edirc.repec.org/data/mnasero.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.