Investment Decision Analysis Of Energy Conservation And Environmental Protection Project Based On DEA At Chemical Enterprise

With the rapid development of economy, environmental problems have frequentlyoccurred, aroused a huge number person concern. In recent year, the government has alsointroduced a series of measures to increase the environmental problems of regulation.Chemical companies as a typical industry with high pollution and high energy consume. It hascreated the huge wealth also caused great damage to the environment and chemical companiesto purchase and use energy conservation and environmental protection project can not only toa certain extent, reduce the energy cost of spending more enterprises can have indirect effecton the improvement of the environmental problems. However, chemical enterprises ininvestment decisions on energy conservation and environmental protection project is from theperspective of traditional financial then ignore the energy conservation and environmentalprotection project of invisible benefits to the enterprise. How can make the enterprise canhave a comprehensive consider when investment decisions？On the issue, in this paper, theenergy conservation and environmental protection project investment decision methods forimprove, use the DEA analysis method to the above questions were studied and discussed indetail.Firstly, paper from the perspective of theory, the energy conservation and environmentalprotection project investment decisions accordingly. Secondly, reference DEA analysismethod of chemical enterprise energy conservation and environmental protection equipmentinvestment decision analysis, and using the super efficiency DEA to fellow DEA effectiveinvestment projects sorted to select the optimal energy conservation and environmentalprotection projects. Finally, the application of Z model built by the chemical enterprise energyconservation and environmental protection project case analysis, respectively from the dataenvelopment analysis (DEA) method and the traditional financial analysis method two aspectsanalyzed, and combined with the case of chemical enterprises in energy conservation andenvironmental protection equipment investment decision-making is put forwardcorresponding suggestions.