Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry
With a plan to achieve a target of 5.7 GW offshore wind power capacity in 2025, Taiwan anticipates building a 36-billion USD industry, which makes Taiwan a center of attention in the global marketplace of civil engineering construction. Aimed at Taiwan’s underwater foundations industries, this study...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-12-01
|
| Series: | Journal of Marine Science and Engineering |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2077-1312/9/12/1371 |
| _version_ | 1797503321480626176 |
|---|---|
| author | Min-Yuan Cheng Yung-Fu Wu |
| author_facet | Min-Yuan Cheng Yung-Fu Wu |
| author_sort | Min-Yuan Cheng |
| collection | DOAJ |
| description | With a plan to achieve a target of 5.7 GW offshore wind power capacity in 2025, Taiwan anticipates building a 36-billion USD industry, which makes Taiwan a center of attention in the global marketplace of civil engineering construction. Aimed at Taiwan’s underwater foundations industries, this study is the first to develop an investment evaluation model (IEM) by applying FPR to obtain risk factor weights and calculate the overall investment risk value with a numerical scoring method. In a context where no precedent exists for reference, this study provides auxiliary and supportive tools to help builders to make the decision, based on objective indicators, whether to undertake an investment. To date, no research has been conducted to introduce a reasonable mathematical model that discusses the issue of partner selection in the field of offshore wind power. This study is the first paper to construct a SWARA-FTOPSIS partner selection model, which enables underwater foundations builders to take specific Taiwanese characteristics into account in their selection of the best partners to meet transportation, construction, and installation requirements. Finally, the study uses the case of the Taipower Offshore Wind Power Project (2nd phase) to verify the feasibility of this model. |
| first_indexed | 2024-03-10T03:48:55Z |
| format | Article |
| id | doaj.art-905baa4efebc4b1ea4dc3a0259fc3e74 |
| institution | Directory Open Access Journal |
| issn | 2077-1312 |
| language | English |
| last_indexed | 2024-03-10T03:48:55Z |
| publishDate | 2021-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Journal of Marine Science and Engineering |
| spelling | doaj.art-905baa4efebc4b1ea4dc3a0259fc3e742023-11-23T09:02:49ZengMDPI AGJournal of Marine Science and Engineering2077-13122021-12-01912137110.3390/jmse9121371Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations IndustryMin-Yuan Cheng0Yung-Fu Wu1Department of Civil and Construction Engineering, National Taiwan University of Science and Technology, Taipei 10672, TaiwanDepartment of Civil and Construction Engineering, National Taiwan University of Science and Technology, Taipei 10672, TaiwanWith a plan to achieve a target of 5.7 GW offshore wind power capacity in 2025, Taiwan anticipates building a 36-billion USD industry, which makes Taiwan a center of attention in the global marketplace of civil engineering construction. Aimed at Taiwan’s underwater foundations industries, this study is the first to develop an investment evaluation model (IEM) by applying FPR to obtain risk factor weights and calculate the overall investment risk value with a numerical scoring method. In a context where no precedent exists for reference, this study provides auxiliary and supportive tools to help builders to make the decision, based on objective indicators, whether to undertake an investment. To date, no research has been conducted to introduce a reasonable mathematical model that discusses the issue of partner selection in the field of offshore wind power. This study is the first paper to construct a SWARA-FTOPSIS partner selection model, which enables underwater foundations builders to take specific Taiwanese characteristics into account in their selection of the best partners to meet transportation, construction, and installation requirements. Finally, the study uses the case of the Taipower Offshore Wind Power Project (2nd phase) to verify the feasibility of this model.https://www.mdpi.com/2077-1312/9/12/1371offshore windunderwater foundationsmulti criteria decision making (MCDM)partnership selectionpreference relation theory (PRT)step-wise weight assessment ratio analysis (SWARA) |
| spellingShingle | Min-Yuan Cheng Yung-Fu Wu Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry Journal of Marine Science and Engineering offshore wind underwater foundations multi criteria decision making (MCDM) partnership selection preference relation theory (PRT) step-wise weight assessment ratio analysis (SWARA) |
| title | Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry |
| title_full | Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry |
| title_fullStr | Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry |
| title_full_unstemmed | Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry |
| title_short | Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry |
| title_sort | investment evaluation and partnership selection model in the offshore wind power underwater foundations industry |
| topic | offshore wind underwater foundations multi criteria decision making (MCDM) partnership selection preference relation theory (PRT) step-wise weight assessment ratio analysis (SWARA) |
| url | https://www.mdpi.com/2077-1312/9/12/1371 |
| work_keys_str_mv | AT minyuancheng investmentevaluationandpartnershipselectionmodelintheoffshorewindpowerunderwaterfoundationsindustry AT yungfuwu investmentevaluationandpartnershipselectionmodelintheoffshorewindpowerunderwaterfoundationsindustry |