Using Multi-Criteria Decision-Making Techniques to Select Criteria in Renewable Energy
Mahak Bhatia,
Aled Williams
Issue:
Volume 8, Issue 2, June 2023
Pages:
21-29
Received:
May 22, 2023
Accepted:
Jun. 20, 2023
Published:
Jul. 06, 2023
Abstract: With global population increases, there is a noticeable change in pollution levels across the globe. This heightened environmental concern has played a significant role in sparking a growing demand for devices powered by renewable energy. The demand is not only a reflection of rising environmental awareness but is also driven by other factors, including the prospect of lower operating costs that renewable energy options can offer over their non-renewable counterparts. Renewable energy technology is a complex and rapidly evolving field. To effectively manage this growth, it has become crucial to carefully consider all the major parameters and constraints that impact the decision making process. This involves an understanding of technical parameters such as energy efficiency and durability, financial factors and environmental concerns such as the carbon footprint of the energy source. The task of integrating these diverse and often competing factors into a coherent decision making framework can be accomplished using Multi-Criteria Decision-Making (MCDM) techniques. These techniques have proven to be reliable and effective tools for tackling complex decision-making scenarios that involve multiple objectives. MCDM operates by identifying and prioritising the most viable alternatives within the decision space. This is done by considering the influential factors, or parameters and determining their relative importance to the overall decision making process. It should be noted that the application of MCDM is not merely theoretical. The analysis conducted using MCDM approaches incorporates the use of a sophisticated algorithm to deliver tangible and actionable output. The primary objective of this paper is to apply an MCDM approach specifically to the renewable energy technology sector. Further, it aims to identify and highlight the key criteria that are the most essential to the successful implementation and advancement of renewable energy systems.
Abstract: With global population increases, there is a noticeable change in pollution levels across the globe. This heightened environmental concern has played a significant role in sparking a growing demand for devices powered by renewable energy. The demand is not only a reflection of rising environmental awareness but is also driven by other factors, incl...
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