Analysis of Vertical Integration Motivation in Coal-Electric Energy Supply Chain Using ISM-MICMAC

Abstract

Vertical integration is one of the important means to achieve coal-electricity joint ventures. According to the comprehensive analysis of domestic and foreign literature, based on the field survey, nine key drivers of vertical integration of coal-electric energy supply chain are proposed. This basis, using interpretative structural modelling (ISM), a five-level hierarchical structure model of the vertical integration motivation of the coal-electric energy supply chain is constructed, which clearly characterization of the hierarchical relationship between the various drivers. Using MICMAC, find the independent and dependent factors. Furthermore, it reveals the most direct motivation and the most fundamental motivation for driving the vertical integration of coal-electric energy supply chain. At the same time, it can clearly show the role of each driver in the vertical integration of coal-fired energy supply chain.