A Mathematical Model for Strategic Investment in Renewable Energy
Countries around the world have explored energy alternatives by taking advantage of new technologies and in response to increasing energy demand. Investments on renewable energy has been increasing for the last decades. Strategic decisions such as new facilities for renewable energy applications require integration of a large amount of data and detailed modeling and analysis. This research develops a mathematical model that helps determining the investment in renewable energy facilities under certain constraints such as budget, environmental impact and maximum capacity. The solutions of the proposed model supports strategic decision making for renewable energy.