Application of integrated strengths, weaknesses, opportunities, and threats and analytic hierarchy process methodology to renewable energy project selection in Serbia

摘要: Renewable energy sources (RES) can be a significant source of profit. However, different RES projects bring various benefits to their investors, raising the question—Which project select? The objective this study is provide answers two questions: (1) Which factors/criteria should used in selection procedure; (2) investor select out group prospective projects? was conducted company operating sector Serbia. In order find above-mentioned questions, employed hybrid methodology integrating SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis and Analytical Hierarchy Process (AHP). First, Company's management defined goal alternatives. an optimal suitable for specific circumstances Serbian sector, also potentials. alternatives included: hydro project, solar wind (WEP), biomass project. Then, decision-making formed, consisting four company's experts (hereinafter collectively referred as “the decision-makers”), professional backgrounds affiliations. Second, decision-makers on Serbia obtain criteria. procedure has based 20 factors. each criterion not equal importance investors. This shortcoming been overcome by introducing AHP. Pairwise comparison performed using Expert Choice 2000 software. According results, top-ranking WEP.