A multivariate-utility approach for selection of energy sources

A deterministic approach is devised to compare the safety features of various energy sources. The approach is based on multiattribute utility theory (MAUT). The method is used in evaluating the safety aspects of alternative energy sources used for the production of electrical energy. Four alternative energy sources are chosen which could be considered for the production of electricity to meet the national energy demand. These are nuclear, coal, solar, and geothermal energy. For simplicity, a total electrical system is considered in each case. A computer code is developed to evaluate the overall utility function for each alternative from the utility patterns corresponding to 23 energy attributes, mostly related to safety. The model can accommodate other attributes assuming that these are independent. The technique is kept flexible so that virtually any decision problem with various attributes can be attacked and optimal decisions can be reached. The selected data resulted in preference of geothermal and nuclear energy over other sources, and the method is found viable in making decisions on energy uses based on quantified and subjective attributes.