Decision support system for evaluating transformer investments in the industrial sector |
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Affiliation: | 1. School of Electrical and Electronic Engineering, Hubei University of Technology, Wuhan, Hubei, 430068, China;2. School of Communication and Information Engineering, University of Electronic Science and Technology of China, Chengdu, Sichuan, 611731, China;3. School of Electronic Information, Wuhan University, Wuhan, Hubei, 430072, China |
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Abstract: | This paper presents a decision support system (DSS) for evaluating transformer investments in the industrial sector. The DSS evaluates transformer bids based on the total owning cost (TOC). Among all transformer offers, the most cost-effective and energy-efficient transformer is the one with the lowest TOC. The DSS compares the selected offer with the other competing offers. Moreover, the proposed DSS deals with the uncertainty of the values in the TOC formula by performing a sensitivity analysis. |
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