Abstract
This paper proposes a hybrid model for evaluating the effectiveness of new and old kinetic energy conversion (NOKEC), China’s major strategic move aiming to transform the mode of economic growth and improvie the quality of economic development. Considering the goals of NOKEC and the supporting roles of power industry to NOKEC, this paper constructs an index system for NOKEC effectiveness evaluation from an electric power economics perspective, involving three dimensions and 17 secondary indicators. Furthermore, a hybrid evaluation model based on DEMATEL-ANP and DQ-GRA techniques is developed to accomplish the evaluation of Shandong’s NOKEC effectiveness. The results show that Shandong’s NOKEC effectiveness increased from 2015–2017, indicating that Shandong’s NOKEC policies have achieved remarkable results. According to the evaluation results, this paper puts forward the indicators that should be paid close attention to and the following work priorities in Shandong’s future NOKEC process, which has certain practical value for the promotion of Shandong’s NOKEC. In addition, the evaluation model proposed in this paper considers the interrelationships between indicators and overcomes the shortcomings of traditional GRA, showing good applicability to similar effectiveness evaluation issues. Finally, the limitations and universality of the model are discussed and the improvement direction is put forward.
Highlights
China’s economy has experienced long-term high-speed development, and the resulting resources and environmental problems have become increasingly prominent, making the transformation of the economic development model an inevitable choice for sustained and healthy development of the Chinese economy
In the context of new and old kinetic energy conversion (NOKEC) characterized by macroeconomic transformation and industrial restructuring, this paper examines the roles of power industry in NOKEC and constructs an index system involving three evaluation dimensions, that is, economic development, electricity utilization and energy efficiency, which can fully reflect the implementation effects of NOKEC
Based on the construction achievements of Shandong NOKEC-CEZ, this paper adopts the proposed model based on DEMATEL-analytic network process (ANP) and difference-quotient grey relational analysis (DQ-grey relational analysis (GRA)) techniques to evaluate the effectiveness of NOKEC in Shandong Province
Summary
China’s economy has experienced long-term high-speed development, and the resulting resources and environmental problems have become increasingly prominent, making the transformation of the economic development model an inevitable choice for sustained and healthy development of the Chinese economy. In the context of NOKEC characterized by macroeconomic transformation and industrial restructuring, this paper examines the roles of power industry in NOKEC and constructs an index system involving three evaluation dimensions, that is, economic development, electricity utilization and energy efficiency, which can fully reflect the implementation effects of NOKEC. (1) Standing in an electric power economics perspective, this paper constructs a scientific and adequate index system for evaluating the NOKEC effectiveness considering the goals of NOKEC and the roles of power industry in NOKEC and proposes a hybrid evaluation model to evaluate the effectiveness of NOKEC in Shandong Province. Province and the support of power industry to NOKEC; Section 3 introduces the constructed NOKEC effectiveness evaluation index system and the proposed hybrid evaluation model; Section 4 represents the evaluation results of the NOKEC effectiveness in Shandong Province; Section 5 summarizes the research contents and findings of this paper
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