Sustainability Performance Index for Ranking Energy Storage Technologies using Multi-Criteria Decision-Making Model and Hybrid Computational Method

2020 ◽  
Vol 32 ◽  
pp. 101820
Author(s):  
Mona Albawab ◽  
Chaouki Ghenai ◽  
Maamar Bettayeb ◽  
Isam Janajreh
Energies ◽  
2021 ◽  
Vol 14 (20) ◽  
pp. 6592
Author(s):  
Xiaotong Qie ◽  
Rui Zhang ◽  
Yanyong Hu ◽  
Xialing Sun ◽  
Xue Chen

Energy storage technologies can reduce grid fluctuations through peak shaving and valley filling and effectively solve the problems of renewable energy storage and consumption. The application of energy storage technologies is aimed at storing energy and supplying energy when needed according to the storage requirements. The existing research focuses on ranking technologies and selecting the best technologies, while ignoring storage requirements. Here, we propose a multi-criteria decision-making (MCDM) framework for selecting a suitable technology based on certain storage requirements. Specifically, we consider nine criteria in four aspects: technological, economic, environmental, and social. The interval number, crisp number, and linguist terms can be transformed into a probabilistic dual hesitant fuzzy set (PDHFS) through the transformation and fusion method we proposed, and a suitable technology can be selected through distance measurements. Subsequently, the proposed method is applied in a representative case study for energy storage technology selection in Shanxi Province, and a sensitivity analysis gives different scenarios for elaboration. The results show that the optimal selection of energy storage technology is different under different storage requirement scenarios. The decision-making model presented herein is considered to be versatile and adjustable, and thus, it can help decision makers to select a suitable energy storage technology based on the requirements of any given use case.


2019 ◽  
pp. 125-133
Author(s):  
Duong Truong Thi Thuy ◽  
Anh Pham Thi Hoang

Banking has always played an important role in the economy because of its effects on individuals as well as on the economy. In the process of renovation and modernization of the country, the system of commercial banks has changed dramatically. Business models and services have become more diversified. Therefore, the performance of commercial banks is always attracting the attention of managers, supervisors, banks and customers. Bank ranking can be viewed as a multi-criteria decision model. This article uses the technique for order of preference by similarity to ideal solution (TOPSIS) method to rank some commercial banks in Vietnam.


2021 ◽  
Vol 13 ◽  
pp. 184797902110233
Author(s):  
Stefania Bait ◽  
Serena Marino Lauria ◽  
Massimiliano M. Schiraldi

The COVID-19 emergency is affecting manufacturing industries all over the world. Notably, it has generated several issues in the products’ supply and the global value chain in African countries. Besides this, Africa’s manufacturing value-added rate grew only 1.5 since 2018, and the foreign direct investment (FDI) from multinational enterprises (MNEs) remains very low due to high-risk factors. Most of these factors are linked to a non-optimized location selection that can adversely affect plant performance. For these reasons, supporting decision-makers in selecting the suitable country location in Africa is crucial, both for contributing to countries’ growth and companies’ performance. This research aims at presenting a comprehensive multi-criteria decision-making model (MCDM) to be used by MNEs to evaluate the best countries to develop new manufacturing settlements, highlighting the criteria that COVID-19 has impacted. Thus, it has affected countries’ performance, impacting the plant location selection choices. A combination of the Analytic Hierarchy Process (AHP) and the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) methods have also been used for comparative analysis. The criteria used in the proposed approach have been validated with a panel of MNEs experts.


2019 ◽  
Vol 107 ◽  
pp. 516-534 ◽  
Author(s):  
Manuel Baumann ◽  
Marcel Weil ◽  
Jens F. Peters ◽  
Nelson Chibeles-Martins ◽  
Antonio B. Moniz

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