Knowledge Management in Electricity Generation Strategic Decisions: The Dawn of the Renewable Age

The world has the challenge of expanding electricity production meeting demand and ensuring energy security for the support and development of society. Given data and information on energy sources are available on a large scale, there is an opportunity to develop a tool that enhances and contributes to decision making in the energy sector. With this in mind, this article brings together the use of technology, finance, information and intangibles with the objective of enhancing the decision-making process for the implementation and optimization of the fuel input mix for the power industry. The results presented in the article are obtained by means of technical, economic and information management analysis that constitute the theoretical basis of intangibles, all of them supported by information technology. This article presents both a new methodology and a new software to obtain optimum investment decisions in the power industry, focusing on power production. The development and validation of the methodology and software are described. The best energy investment to be made is based on the extraction and evaluation of the knowledge of the energy sector specialist in a logical and mathematical way. The results of the research present a decision-making process based on more formal and less personal criteria, guaranteeing greater neutrality and convergence in the decision-making process.