Abstract: This paper presents a methodology for operational and
economic characteristics based evaluation and selection of a power
plant using Graph theoretic approach. A universal evaluation index
on the basis of Operational and economics characteristics of a plant is
proposed which evaluates and ranks the various types of power plants.
The index thus obtained from the pool of operational characteristics
of the power plant attributes Digraph. The Digraph is developed
considering Operational and economics attributes of the power plants
and their relative importance for their smooth operation, installation
and commissioning and prioritizing their selection. The sensitivity
analysis of the attributes towards the objective has also been carried
out in order to study the impact of attributes over the desired outcome
i.e. the universal operational-economics index of the power plant.