Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System

LUGARIĆ, Luka ;MAJDANDŽIĆ, Ljubomir ;ŠKRLEC, Davor .
Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System. 
Strojniški vestnik - Journal of Mechanical Engineering, [S.l.], v. 56, n.1, p. 3-17, october 2017. 
ISSN 0039-2480.
Available at: <https://www.sv-jme.eu/article/countrywide-positioning-of-domestic-solar-water-heating-systems-using-risk-analysis-and-geographical-information-system/>. Date accessed: 26 apr. 2024. 
doi:http://dx.doi.org/.

Lugarić, L., Majdandžić, L., & Škrlec, D.
(2010).
Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System.
Strojniški vestnik - Journal of Mechanical Engineering, 56(1), 3-17.
doi:http://dx.doi.org/

@article{.,
	author = {Luka  Lugarić and Ljubomir  Majdandžić and Davor  Škrlec},
	title = {Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System},
	journal = {Strojniški vestnik - Journal of Mechanical Engineering},
	volume = {56},
	number = {1},
	year = {2010},
	keywords = {solar systems; alternative energy sources; geographical information system; heating water; investment risk; analysis; },
	abstract = {In this paper, choosing appropriate locations for household solar water heating systems within a country is based on assessing project feasibility by using solar irradiation integrated in a geographical information system (GIS) and investment risk analysis, based on uncertainties in project input variables. Current indicators and statistics of solar systems of EU and Croatia are given, followed by impacting factors on investments in domestic SWH. Investment risks are determined. GIS is constructed to assess solar irradiation potential on a countrywide scale. A spreadsheet model for financial analysis using the Monte Carlo method for probabilistic simulation of uncertain project parameters is shown, which integrates GIS and determines a financial feasibility for two case studies. Financial indicators of net present value (NPV), internal rate of return (IRR) and simple payback time (SPB) are shown for three investment strategies, varying in financial resources according to profiled income categories of households in the country. A sensitivity analysis has been performed to determine the impact of individual risks on the financial outcome of the project. Financial flows are compared to determine the difference in feasibility for the same project on two different locations. Probability distributions for risks and financial indicators are shown},
	issn = {0039-2480},	pages = {3-17},	doi = {},
	url = {https://www.sv-jme.eu/article/countrywide-positioning-of-domestic-solar-water-heating-systems-using-risk-analysis-and-geographical-information-system/}
}

Lugarić, L.,Majdandžić, L.,Škrlec, D.
2010 October 56. Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System. Strojniški vestnik - Journal of Mechanical Engineering. [Online] 56:1

%A Lugarić, Luka 
%A Majdandžić, Ljubomir 
%A Škrlec, Davor 
%D 2010
%T Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System
%B 2010
%9 solar systems; alternative energy sources; geographical information system; heating water; investment risk; analysis; 
%! Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System
%K solar systems; alternative energy sources; geographical information system; heating water; investment risk; analysis; 
%X In this paper, choosing appropriate locations for household solar water heating systems within a country is based on assessing project feasibility by using solar irradiation integrated in a geographical information system (GIS) and investment risk analysis, based on uncertainties in project input variables. Current indicators and statistics of solar systems of EU and Croatia are given, followed by impacting factors on investments in domestic SWH. Investment risks are determined. GIS is constructed to assess solar irradiation potential on a countrywide scale. A spreadsheet model for financial analysis using the Monte Carlo method for probabilistic simulation of uncertain project parameters is shown, which integrates GIS and determines a financial feasibility for two case studies. Financial indicators of net present value (NPV), internal rate of return (IRR) and simple payback time (SPB) are shown for three investment strategies, varying in financial resources according to profiled income categories of households in the country. A sensitivity analysis has been performed to determine the impact of individual risks on the financial outcome of the project. Financial flows are compared to determine the difference in feasibility for the same project on two different locations. Probability distributions for risks and financial indicators are shown
%U https://www.sv-jme.eu/article/countrywide-positioning-of-domestic-solar-water-heating-systems-using-risk-analysis-and-geographical-information-system/
%0 Journal Article
%R 
%& 3
%P 15
%J Strojniški vestnik - Journal of Mechanical Engineering
%V 56
%N 1
%@ 0039-2480
%8 2017-10-24
%7 2017-10-24

Lugarić, Luka, Ljubomir  Majdandžić, & Davor  Škrlec.
"Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System." Strojniški vestnik - Journal of Mechanical Engineering [Online], 56.1 (2010): 3-17. Web.  26 Apr. 2024

TY  - JOUR
AU  - Lugarić, Luka 
AU  - Majdandžić, Ljubomir 
AU  - Škrlec, Davor 
PY  - 2010
TI  - Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System
JF  - Strojniški vestnik - Journal of Mechanical Engineering
DO  - 
KW  - solar systems; alternative energy sources; geographical information system; heating water; investment risk; analysis; 
N2  - In this paper, choosing appropriate locations for household solar water heating systems within a country is based on assessing project feasibility by using solar irradiation integrated in a geographical information system (GIS) and investment risk analysis, based on uncertainties in project input variables. Current indicators and statistics of solar systems of EU and Croatia are given, followed by impacting factors on investments in domestic SWH. Investment risks are determined. GIS is constructed to assess solar irradiation potential on a countrywide scale. A spreadsheet model for financial analysis using the Monte Carlo method for probabilistic simulation of uncertain project parameters is shown, which integrates GIS and determines a financial feasibility for two case studies. Financial indicators of net present value (NPV), internal rate of return (IRR) and simple payback time (SPB) are shown for three investment strategies, varying in financial resources according to profiled income categories of households in the country. A sensitivity analysis has been performed to determine the impact of individual risks on the financial outcome of the project. Financial flows are compared to determine the difference in feasibility for the same project on two different locations. Probability distributions for risks and financial indicators are shown
UR  - https://www.sv-jme.eu/article/countrywide-positioning-of-domestic-solar-water-heating-systems-using-risk-analysis-and-geographical-information-system/

@article{{}{.},
	author = {Lugarić, L., Majdandžić, L., Škrlec, D.},
	title = {Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System},
	journal = {Strojniški vestnik - Journal of Mechanical Engineering},
	volume = {56},
	number = {1},
	year = {2010},
	doi = {},
	url = {https://www.sv-jme.eu/article/countrywide-positioning-of-domestic-solar-water-heating-systems-using-risk-analysis-and-geographical-information-system/}
}

TY  - JOUR
AU  - Lugarić, Luka 
AU  - Majdandžić, Ljubomir 
AU  - Škrlec, Davor 
PY  - 2017/10/24
TI  - Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System
JF  - Strojniški vestnik - Journal of Mechanical Engineering; Vol 56, No 1 (2010): Strojniški vestnik - Journal of Mechanical Engineering
DO  - 
KW  - solar systems, alternative energy sources, geographical information system, heating water, investment risk, analysis, 
N2  - In this paper, choosing appropriate locations for household solar water heating systems within a country is based on assessing project feasibility by using solar irradiation integrated in a geographical information system (GIS) and investment risk analysis, based on uncertainties in project input variables. Current indicators and statistics of solar systems of EU and Croatia are given, followed by impacting factors on investments in domestic SWH. Investment risks are determined. GIS is constructed to assess solar irradiation potential on a countrywide scale. A spreadsheet model for financial analysis using the Monte Carlo method for probabilistic simulation of uncertain project parameters is shown, which integrates GIS and determines a financial feasibility for two case studies. Financial indicators of net present value (NPV), internal rate of return (IRR) and simple payback time (SPB) are shown for three investment strategies, varying in financial resources according to profiled income categories of households in the country. A sensitivity analysis has been performed to determine the impact of individual risks on the financial outcome of the project. Financial flows are compared to determine the difference in feasibility for the same project on two different locations. Probability distributions for risks and financial indicators are shown
UR  - https://www.sv-jme.eu/article/countrywide-positioning-of-domestic-solar-water-heating-systems-using-risk-analysis-and-geographical-information-system/

Lugarić, Luka, Majdandžić, Ljubomir, AND Škrlec, Davor.
"Countrywide Positioning of Domestic Solar Water Heating Systems using Risk Analysis and Geographical Information System" Strojniški vestnik - Journal of Mechanical Engineering [Online], Volume 56 Number 1 (24 October 2017)