A Multi-Criteria Strategic Decision Making Model to Assess Renewable Energy Forms

2017 ◽  
Vol 8 (2) ◽  
pp. 1-10 ◽  
Author(s):  
Daniel W. Keebler ◽  
Paul D. Albertelli Jr. ◽  
Briance Mascarenhas
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Energy Sources ◽  
Multiple Factors ◽  
Relative Attractiveness ◽  
Decision Making Model

Renewable energy can potentially be a source of competitive advantage, reduce greenhouse gases, and counter climate change. This study utilizes Multi-Criteria Decision Analysis to systematically assess the relative attractiveness of multiple renewable energy forms based on three factors: 1. business (economic), 2. technical (environmental), and 3. social (regulatory). It uncovers the relative attractiveness of various renewable energy forms and suggests strategies for their development for providers and customers. After considering multiple factors, the study found hydro, geothermal, and wind power to be relatively attractive renewable energy sources.

A Multi-Criteria Strategic Decision Making Model to Assess Renewable Energy Forms

2021 ◽  
pp. 263-271
Author(s):  
Daniel W. Keebler ◽  
Paul D. Albertelli Jr. ◽  
Briance Mascarenhas
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Energy Sources ◽  
Multiple Factors ◽  
Relative Attractiveness ◽  
Decision Making Model

Renewable energy can potentially be a source of competitive advantage, reduce greenhouse gases, and counter climate change. This study utilizes Multi-Criteria Decision Analysis to systematically assess the relative attractiveness of multiple renewable energy forms based on three factors: 1. business (economic), 2. technical (environmental), and 3. social (regulatory). It uncovers the relative attractiveness of various renewable energy forms and suggests strategies for their development for providers and customers. After considering multiple factors, the study found hydro, geothermal, and wind power to be relatively attractive renewable energy sources.

scholarly journals A Multicriteria Decision-Making Model for the Selection of Suitable Renewable Energy Sources

Mathematics ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 1318
Author(s):  
Chia-Nan Wang ◽  
Jui-Chung Kao ◽  
Yen-Hui Wang ◽  
Van Thanh Nguyen ◽  
Viet Tinh Nguyen ◽  
...  
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Energy Demand ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Energy Resource ◽  
Energy Sources ◽  
New Production ◽  
Decision Making Model ◽  
Selection Of

With the expansion of its industrial and manufacturing sectors, with the goal of positioning Vietnam as the world’s new production hub, Vietnam is forecast to face a surge in energy demand. Today, the main source of energy of Vietnam is fossil fuels, which are not environmentally friendly and are rapidly depleting. The speed of extraction and consumption of fossil fuels is too fast, causing them to become increasingly scarce and gradually depleted. Renewable energy options, such as solar, wind, hydro electrical, and biomass, can be considered as sustainable alternatives to fossil fuels. However, to ensure the effectiveness of renewable energy development initiatives, technological, economic, and environmental must be taken in consideration when choosing a suitable renewable energy resource. In this research, the authors present a multi-criteria decision-making model (MCDM) implementing the grey analytic hierarchy process (G-AHP) method and the weighted aggregates sum product assessment (WASPAS) method for the selection of optimal renewable energy sources for the energy sector of Vietnam. The results of the proposed model have determined that solar energy is the optimal source of renewable energy with a performance score of 0.8822, followed by wind (0.8766), biomass (0.8488), and solid waste energy (0.8135) based on the calculations of the aforementioned methods.

scholarly journals Multi-Criteria Decision-Making (MCDM) for the Assessment of Renewable Energy Technologies in a Household: A Review

Energies ◽  
2020 ◽  
Vol 13 (5) ◽  
pp. 1164 ◽  
Author(s):  
Indre Siksnelyte-Butkiene ◽  
Edmundas Kazimieras Zavadskas ◽  
Dalia Streimikiene
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Scientific Literature ◽  
Renewable Energy Sources ◽  
Multiple Criteria Decision Making ◽  
Energy Sources ◽  
Renewable Energy Technologies ◽  
Advantages And Disadvantages ◽  
Energy Technologies ◽  
Depth Analysis

Different power generation technologies have different advantages and disadvantages. However, if compared to traditional energy sources, renewable energy sources provide a possibility to solve the climate change and economic decarbonization issues that are so relevant today. Therefore, the analysis and evaluation of renewable energy technologies has been receiving increasing attention in the politics of different countries and the scientific literature. The household sector consumes almost one third of all energy produced, thus studies on the evaluation of renewable energy production technologies in households are very important. This article reviews the scientific literature that have used multiple-criteria decision-making (MCDM) methods as a key tool to evaluate renewable energy technologies in households. The findings of the conducted research are categorized according to the objectives pursued and the criteria on which the evaluation was based are discussed. The article also provides an overview and in-depth analysis of MCDM methods and distinguishes the main advantages and disadvantages of using them to evaluate technologies in households.

Trading Renewable Energy by using CO2 : An Effective Option to Mitigate Climate Change and Increase the use of Renewable Energy Sources

2014 ◽  
Vol 2 (5) ◽  
pp. 453-461 ◽  
Author(s):  
Lucia Barbato ◽  
Gabriele Centi ◽  
Gaetano Iaquaniello ◽  
Alessia Mangiapane ◽  
Siglinda Perathoner
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Effective Option ◽  
Mitigate Climate Change

scholarly journals Influence of renewable energy sources on climate change mitigation in Serbia

2015 ◽  
Vol 19 (2) ◽  
pp. 411-424 ◽  
Author(s):  
Vladica Bozic ◽  
Slobodan Cvetkovic ◽  
Branislav Zivkovic
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Climate Change Mitigation ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Change Mitigation

scholarly journals Education, Communication and Decision-Making on Renewable and Sustainable Energy

2019 ◽  
Vol 11 (19) ◽  
pp. 5262 ◽  
Author(s):  
Konstantinos Ioannou
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Sustainable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Special Issue ◽  
Factors Affecting ◽  
The Public ◽  
The Creation ◽  
Renewable And Sustainable Energy

This editorial aims to introduce the themes and approaches covered in this special issue on education, communication, and decision-making on renewable and sustainable energy. At first, I discuss the themes and topics that have informed the creation of this special issue. Then, I provide an overview of the content of each paper that is included on the special issue. Additionally, this editorial provides a solid background on the relationships between the factors affecting decision-making on renewable energy sources as well as on the degree of influence education and communication takes part in the attitudes of the public towards renewable energy sources.

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