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Article

Data Envelopment Analysis Approach to Energy-Saving Projects Selection in an Energy Service Company

School of Engineering, Universidad de Sevilla, E41092 Seville, Spain
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Mathematics 2021, 9(2), 200; https://doi.org/10.3390/math9020200
Received: 3 December 2020 / Revised: 7 January 2021 / Accepted: 16 January 2021 / Published: 19 January 2021
Project selection is a common problem for many companies. Specifically, it consists in identifying which projects should be selected with regard to their economic efficiency, i.e., the projects that maximise the profit they bring in while minimising the cost of the resources consumed. In this paper, we have focused our interest on energy service companies because of the importance of a convenient selection of their projects. In these types of companies, the attractiveness of a project depends on both the profit estimations obtained in simulations of the energy systems to be improved, as well as the probability that the project will be awarded (e.g., in local government bids, where typically several energy service companies compete to win the bid). We propose a new project selection method, especially tailored to energy service companies and based on centralised data envelopment analysis models with limited availability of the resources. This contrasts with all existing project selection methods and allows the proposed approach to make more efficient use of the limited resources. We have applied the model to a real-world case by selecting projects in a Spanish energy service company, showing the benefits of applying this approach, and comparing the results obtained with other data envelopment analysis project selection approaches. View Full-Text
Keywords: energy service companies (ESCO); project selection; data envelopment analysis (DEA); centralised DEA; resource allocation energy service companies (ESCO); project selection; data envelopment analysis (DEA); centralised DEA; resource allocation
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MDPI and ACS Style

Villa, G.; Lozano, S.; Redondo, S. Data Envelopment Analysis Approach to Energy-Saving Projects Selection in an Energy Service Company. Mathematics 2021, 9, 200. https://doi.org/10.3390/math9020200

AMA Style

Villa G, Lozano S, Redondo S. Data Envelopment Analysis Approach to Energy-Saving Projects Selection in an Energy Service Company. Mathematics. 2021; 9(2):200. https://doi.org/10.3390/math9020200

Chicago/Turabian Style

Villa, Gabriel, Sebastián Lozano, and Sandra Redondo. 2021. "Data Envelopment Analysis Approach to Energy-Saving Projects Selection in an Energy Service Company" Mathematics 9, no. 2: 200. https://doi.org/10.3390/math9020200

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