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A robust, resilience multi-criteria decision-making with risk approach: a case study for renewable energy location

Lotfi, R ; Sharif University of Technology | 2023

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  1. Type of Document: Article
  2. DOI: 10.1007/s11356-023-25223-1
  3. Publisher: Springer Science and Business Media Deutschland GmbH , 2023
  4. Abstract:
  5. Regarding hard situations like war, the increasing cost of extraction and exploration of fossil fuels make governments move toward green and clear renewable energy (RE). As a result, we propose a novel multi-criteria decision-making (MCDM) method for RE location (REL) for the first time. This model suggests a Robust, Resilience MCDM with Risk approach (RRMCDMR) for REL. We propose a risk approach by adding a risk function in MCDM. A robust convex approach is used to tackle the uncertainty of the model for the real world. We compare the RRMCDMR problem in a wind farm location in Iran with different risk coefficient functions. As defined, Khaf, Nehbandan, and Esfarayan are in locations one to three in all modes. We changed the normalized risk function and suggested two other risk functions that can help risk-averse and risk-neutral decision-makers. We varied the robust convex coefficient and considered that by increasing the robust convex coefficient, the alternative score increased. © 2023, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature
  6. Keywords:
  7. Multi-criteria decision-making ; Renewable energy location ; Risk-averse ; Robust
  8. Source: Environmental Science and Pollution Research ; Volume 30, Issue 15 , 2023 , Pages 43267-43278 ; 09441344 (ISSN)
  9. URL: https://link.springer.com/article/10.1007/s11356-023-25223-1