Application of Even-swap Method in Analyzing New Energy Development Projects

The scope of this paper is to show the possibilities of applying the even-swap method in the analysis of the power-plants planning projects. According to the current situation on the Polish energy market and the need of reconstruction of old power sources many investments are required. Investment projects, beside the economical capacity, have to satisfy ecological requirements (e.g. consider CO(2) emission limits) and be acceptable both by authorities and the local community. A clear and understandable scoring system could be a, useful tool to support the alternatives research. The authors propose to apply the even-swap method, which allows to build a ranking of the projects. Even-swap method is a multiple objective decision making tool basing on the sole aggregating criterion, but rejects the notions of utility and desirability scores. The approach focuses on estimating the value of each objective in terms of another. It results in a final score of project expressed in terms of one selected objective (e.g. money). Such a score is easy to calculate and interpret, which allows to avoid some tensions and disputes concerning the rules for selecting the winning projects.