CAJ | 학술논문

采用层析分析法（AHP）对我国电力企业实施合同能源管理的融资模式进行研究。构建了以融资成本、机会成本、风险成本、效益分享额、国家政策因素、电力企业自身因素为准则的层次结构模型，通过专家问卷调查得到模型中各准则之间的权重关系，运用Yaahp软件构建了各准则之间的两两判断矩阵，并进行了矩阵的一致性检验。研究发现：与保证节能量结构的融资模式相比，共享节能量结构的融资模式具有相对优势，但两者权重相差不大；电力企业实施EPC时融资模式的选择不仅受到六个准则因素的影响，而且与投资及可能实现的收益规模也有一定的关系。
채용층석분석법（AHP）대아국전력기업실시합동능원관리적융자모식진행연구。구건료이융자성본、궤회성본、풍험성본、효익분향액、국가정책인소、전력기업자신인소위준칙적층차결구모형，통과전가문권조사득도모형중각준칙지간적권중관계，운용Yaahp연건구건료각준칙지간적량량판단구진，병진행료구진적일치성검험。연구발현：여보증절능량결구적융자모식상비，공향절능량결구적융자모식구유상대우세，단량자권중상차불대；전력기업실시EPC시융자모식적선택불부수도륙개준칙인소적영향，이차여투자급가능실현적수익규모야유일정적관계。
At present, the financing model of energy performance contracting overseas and domestic has two kinds： guaranteed savings structure and shared savings structure. This paper used AHP method to analyze which financing model suits electric power enterprise to implement EPC. A hierarchical structure, based on the financing cost, opportunity cost, risk cost, benefit sharing, internal factor and government＇ s policies, was constructed. Then expert questionnaire survey and Yaahp software were used to get each criterion＇ s proportion, build judgment matrixes between each two criterions, and then checked consistency of the matrix. The results showed that： 1 ） shared savings structure gives priority over guaranteed savings structure when electric power enterprises implement EPC. 2） When electric power enterprises make a financing mode choice of EPC, they not only should consider the above six criteria factors, investment and achieved earnings scale also should be considered.