Managing selection of AFF power generation technologies in the internationally evolving carbon-free context

Faculty of Business Management, Vilnius Gediminas Technical University, Vilnius, Lithuania

Abstract

The article presents the analysis fossil fuel power generation market, focusing on management of advanced fossil fuel (AFF) power generation challenges of related technologies especially when tackling climate change impacts, complying with stricter environmental requirements. A wide and dynamic spectrum in scope and scale of factors revealed confirms the necessity for solutions enabling organizations to transform and manage rationally their fossil fuel-based business models towards greater competitiveness in the context of emerging renewable energy reliance. Nevertheless, in this respect the measures in question may require trade-offs, therefore when considering their combination, a diligent multicriteria analysis will inevitably be involved. With pivotal focus on the economic utility and the balanced and sustained strategic development of business, as the result of the research author proposes to apply VIKOR method when deciding on AFF power generation options. Application flexibility of the proposed method allow to evaluate, compare possible alternatives in a comprehensive and complex manner and to mingle MCDA tools if needed.