IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v143y2018icp295-309.html
   My bibliography  Save this article

An intuitionistic fuzzy multi-criteria framework for large-scale rooftop PV project portfolio selection: Case study in Zhejiang, China

Author

Listed:
  • Wu, Yunna
  • Xu, Chuanbo
  • Ke, Yiming
  • Chen, Kaifeng
  • Sun, Xiaokun

Abstract

Selecting a rational large-scale rooftop photovoltaic (LSR-PV) project portfolio is critical to the realization of long-term strategy objectives for PV enterprises. Difficulties related to LSR-PV project portfolio selection result from factors including uncertainties of decision-making environment, various properties of evaluation attributes and interactions between projects. However, the existing researches on portfolio selection have not solved these problems well. In this work, combining of fuzzy multi-attribute decision-making and fuzzy multi-objective programming, an integrated framework is proposed to address these issues simultaneously. First, the assessment values of attributes, objective functions and constrains all take the form of triangular intuitionistic fuzzy numbers (TIFNs) to fully describe the uncertainties inherent to LSR-PV project portfolio selection. Later, the weights of attributes determined by Analytic Hierarchy Process (AHP) are incorporated within PROMETHEE II method to sort the LSR-PV project alternatives by selecting preference functions and setting parameters for each attribute. Then, a fuzzy 0–1 programming model is formulated and the Non-Dominated Sorting Genetic Algorithm-II (NSGA-II) algorithm is introduced to capture an optimal-Pareto set under objectives of benefit maximization and installed capacity maximization. Finally, to validate the effectiveness of the proposed framework, a case study of Zhejiang province is conducted and a comparative analysis is carried out.

Suggested Citation

  • Wu, Yunna & Xu, Chuanbo & Ke, Yiming & Chen, Kaifeng & Sun, Xiaokun, 2018. "An intuitionistic fuzzy multi-criteria framework for large-scale rooftop PV project portfolio selection: Case study in Zhejiang, China," Energy, Elsevier, vol. 143(C), pages 295-309.
    • Handle: RePEc:eee:energy:v:143:y:2018:i:c:p:295-309
    DOI: 10.1016/j.energy.2017.10.105
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544217318108
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2017.10.105?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jamil, Majid & Anees, Ahmed Sharique, 2016. "Optimal sizing and location of SPV (solar photovoltaic) based MLDG (multiple location distributed generator) in distribution system for loss reduction, voltage profile improvement with economical bene," Energy, Elsevier, vol. 103(C), pages 231-239.
    2. Haralambopoulos, D.A. & Polatidis, H., 2003. "Renewable energy projects: structuring a multi-criteria group decision-making framework," Renewable Energy, Elsevier, vol. 28(6), pages 961-973.
    3. Zhang, Fang & Deng, Hao & Margolis, Robert & Su, Jun, 2015. "Analysis of distributed-generation photovoltaic deployment, installation time and cost, market barriers, and policies in China," Energy Policy, Elsevier, vol. 81(C), pages 43-55.
    4. Aragonés-Beltrán, Pablo & Chaparro-González, Fidel & Pastor-Ferrando, Juan-Pascual & Pla-Rubio, Andrea, 2014. "An AHP (Analytic Hierarchy Process)/ANP (Analytic Network Process)-based multi-criteria decision approach for the selection of solar-thermal power plant investment projects," Energy, Elsevier, vol. 66(C), pages 222-238.
    5. Shakouri, Mahmoud & Lee, Hyun Woo & Choi, Kunhee, 2015. "PACPIM: New decision-support model of optimized portfolio analysis for community-based photovoltaic investment," Applied Energy, Elsevier, vol. 156(C), pages 607-617.
    6. Muñoz, José Ignacio & Sánchez de la Nieta, Agustín A. & Contreras, Javier & Bernal-Agustín, José L., 2009. "Optimal investment portfolio in renewable energy: The Spanish case," Energy Policy, Elsevier, vol. 37(12), pages 5273-5284, December.
    7. Hong, Taehoon & Koo, Choongwan & Park, Joonho & Park, Hyo Seon, 2014. "A GIS (geographic information system)-based optimization model for estimating the electricity generation of the rooftop PV (photovoltaic) system," Energy, Elsevier, vol. 65(C), pages 190-199.
    8. Nikouei, Mohammad Ali & Oroujzadeh, Maryam & Mehdipour-Ataei, Shahram, 2017. "The PROMETHEE multiple criteria decision making analysis for selecting the best membrane prepared from sulfonated poly(ether ketone)s and poly(ether sulfone)s for proton exchange membrane fuel cell," Energy, Elsevier, vol. 119(C), pages 77-85.
    9. Lean Yu & Shouyang Wang & Fenghua Wen & Kin Lai, 2012. "Genetic algorithm-based multi-criteria project portfolio selection," Annals of Operations Research, Springer, vol. 197(1), pages 71-86, August.
    10. Behzadian, Majid & Kazemzadeh, R.B. & Albadvi, A. & Aghdasi, M., 2010. "PROMETHEE: A comprehensive literature review on methodologies and applications," European Journal of Operational Research, Elsevier, vol. 200(1), pages 198-215, January.
    11. Frisari, Gianleo & Stadelmann, Martin, 2015. "De-risking concentrated solar power in emerging markets: The role of policies and international finance institutions," Energy Policy, Elsevier, vol. 82(C), pages 12-22.
    12. Zeng, Ziqiang & Nasri, Ehsan & Chini, Abdol & Ries, Robert & Xu, Jiuping, 2015. "A multiple objective decision making model for energy generation portfolio under fuzzy uncertainty: Case study of large scale investor-owned utilities in Florida," Renewable Energy, Elsevier, vol. 75(C), pages 224-242.
    13. Shakouri, Mahmoud & Lee, Hyun Woo & Kim, Yong-Woo, 2017. "A probabilistic portfolio-based model for financial valuation of community solar," Applied Energy, Elsevier, vol. 191(C), pages 709-726.
    14. Zhang, Ling & Zhou, Peng & Newton, Sidney & Fang, Jian-xin & Zhou, De-qun & Zhang, Lu-ping, 2015. "Evaluating clean energy alternatives for Jiangsu, China: An improved multi-criteria decision making method," Energy, Elsevier, vol. 90(P1), pages 953-964.
    15. Ming, Zeng & Shaojie, Ouyang & Hui, Shi & Yujian, Ge & Qiqi, Qian, 2015. "Overall review of distributed energy development in China: Status quo, barriers and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1226-1238.
    16. Zhao, Bo & Zhang, Xuesong & Li, Peng & Wang, Ke & Xue, Meidong & Wang, Caisheng, 2014. "Optimal sizing, operating strategy and operational experience of a stand-alone microgrid on Dongfushan Island," Applied Energy, Elsevier, vol. 113(C), pages 1656-1666.
    17. Guerin, Turlough F., 2017. "Evaluating expected and comparing with observed risks on a large-scale solar photovoltaic construction project: A case for reducing the regulatory burden," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 333-348.
    18. Angelopoulos, Dimitrios & Doukas, Haris & Psarras, John & Stamtsis, Giorgos, 2017. "Risk-based analysis and policy implications for renewable energy investments in Greece," Energy Policy, Elsevier, vol. 105(C), pages 512-523.
    19. Rigter, Jasper & Vidican, Georgeta, 2010. "Cost and optimal feed-in tariff for small scale photovoltaic systems in China," Energy Policy, Elsevier, vol. 38(11), pages 6989-7000, November.
    20. Mahsa Montajabiha, 2016. "An Extended PROMETHE II Multi-Criteria Group Decision Making Technique Based on Intuitionistic Fuzzy Logic for Sustainable Energy Planning," Group Decision and Negotiation, Springer, vol. 25(2), pages 221-244, March.
    21. Fergani, Samia & Flazi, Samir & Boudghene Stambouli, Amine & Si Ali, Mokhtaria, 2016. "Optimization of distribution networks supplied by photovoltaic sources, using a new optimal loads distribution center method," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 887-892.
    22. Yunna Wu & Chuanbo Xu & Hu Xu, 2016. "Optimal Site Selection of Tidal Power Plants Using a Novel Method: A Case in China," Energies, MDPI, vol. 9(10), pages 1-26, October.
    23. Eilat, Harel & Golany, Boaz & Shtub, Avraham, 2006. "Constructing and evaluating balanced portfolios of R&D projects with interactions: A DEA based methodology," European Journal of Operational Research, Elsevier, vol. 172(3), pages 1018-1039, August.
    24. Fliedner, Thomas & Liesiö, Juuso, 2016. "Adjustable robustness for multi-attribute project portfolio selection," European Journal of Operational Research, Elsevier, vol. 252(3), pages 931-946.
    25. Dong, Rentao & Xu, Jiuping & Lin, Bo, 2017. "ROI-based study on impact factors of distributed PV projects by LSSVM-PSO," Energy, Elsevier, vol. 124(C), pages 336-349.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tian, Yuanyuan & Bai, Libiao & Wei, Lan & Zheng, Kanyin & Zhou, Xinyu, 2022. "Modeling for project portfolio benefit prediction via a GA-BP neural network," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    2. Elham Fakhraian & Marc Alier & Francesc Valls Dalmau & Alireza Nameni & Maria José Casañ Guerrero, 2021. "The Urban Rooftop Photovoltaic Potential Determination," Sustainability, MDPI, vol. 13(13), pages 1-18, July.
    3. Fang, Hong & Wang, Xu & Song, Wenyan, 2020. "Technology selection for photovoltaic cell from sustainability perspective: An integrated approach," Renewable Energy, Elsevier, vol. 153(C), pages 1029-1041.
    4. Wu, Yunna & Liao, Mingjuan & Hu, Mengyao & Lin, Jiawei & Zhou, Jianli & Zhang, Buyuan & Xu, Chuanbo, 2020. "A decision framework of low-speed wind farm projects in hilly areas based on DEMATEL-entropy-TODIM method from the sustainability perspective: A case in China," Energy, Elsevier, vol. 213(C).
    5. Mirian Bortoluzzi & Marcelo Furlan & Simone Geitenes Colombo & Tatiele Martins Amaral & Celso Correia de Souza & José Francisco dos Reis Neto & Josimar Fernandes de França, 2021. "Combining Value-Focused Thinking and PROMETHEE Techniques for Selecting a Portfolio of Distributed Energy Generation Projects in the Brazilian Electricity Sector," Sustainability, MDPI, vol. 13(19), pages 1-19, October.
    6. Cavallaro, Fausto & Zavadskas, Edmundas Kazimieras & Streimikiene, Dalia & Mardani, Abbas, 2019. "Assessment of concentrated solar power (CSP) technologies based on a modified intuitionistic fuzzy topsis and trigonometric entropy weights," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 258-270.
    7. Ziemba, Paweł, 2022. "Uncertain Multi-Criteria analysis of offshore wind farms projects investments – Case study of the Polish Economic Zone of the Baltic Sea," Applied Energy, Elsevier, vol. 309(C).
    8. Song, Chenchen & Guo, Zhiling & Liu, Zhengguang & Hongyun, Zhang & Liu, Ran & Zhang, Haoran, 2024. "Application of photovoltaics on different types of land in China: Opportunities, status and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    9. Qian, Xiaohu & Fang, Shu-Cherng & Huang, Min & Wang, Xingwei, 2019. "Winner determination of loss-averse buyers with incomplete information in multiattribute reverse auctions for clean energy device procurement," Energy, Elsevier, vol. 177(C), pages 276-292.
    10. Zhao, Chengwei & Xu, Xuanhua & Liu, Ruihuan & He, Jishan, 2021. "A multi-aspect coordination HDRED site selection framework under multi-type heterogeneous environments," Renewable Energy, Elsevier, vol. 171(C), pages 833-848.
    11. Wu, Yunna & Xu, Chuanbo & Ke, Yiming & Li, Xinying & Li, Lingwenying, 2019. "Portfolio selection of distributed energy generation projects considering uncertainty and project interaction under different enterprise strategic scenarios," Applied Energy, Elsevier, vol. 236(C), pages 444-464.
    12. Wu, Yunna & Ke, Yiming & Xu, Chuanbo & Li, Lingwenying, 2019. "An integrated decision-making model for sustainable photovoltaic module supplier selection based on combined weight and cumulative prospect theory," Energy, Elsevier, vol. 181(C), pages 1235-1251.
    13. Wu, Yunna & Xu, Chuanbo & Zhang, Buyuan & Tao, Yao & Li, Xinying & Chu, Han & Liu, Fangtong, 2019. "Sustainability performance assessment of wind power coupling hydrogen storage projects using a hybrid evaluation technique based on interval type-2 fuzzy set," Energy, Elsevier, vol. 179(C), pages 1176-1190.
    14. Du, Puliang & Chen, Zhong & Gong, Xiaomin, 2020. "Load response potential evaluation for distribution networks: A hybrid decision-making model with intuitionistic normal cloud and unknown weight information," Energy, Elsevier, vol. 192(C).
    15. Chen, Chen & Liu, Dinghao & Xian, Liang & Pan, Lin & Wang, Lihua & Yang, Min & Quan, Li, 2020. "Best-case scenario robust portfolio for energy stock market," Energy, Elsevier, vol. 213(C).
    16. Lihui Zhang & He Xin & Zhinan Kan, 2019. "Sustainability Performance Evaluation of Hybrid Energy System Using an Improved Fuzzy Synthetic Evaluation Approach," Sustainability, MDPI, vol. 11(5), pages 1-19, February.
    17. Forouli, Aikaterini & Gkonis, Nikolaos & Nikas, Alexandros & Siskos, Eleftherios & Doukas, Haris & Tourkolias, Christos, 2019. "Energy efficiency promotion in Greece in light of risk: Evaluating policies as portfolio assets," Energy, Elsevier, vol. 170(C), pages 818-831.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ioannou, Anastasia & Angus, Andrew & Brennan, Feargal, 2017. "Risk-based methods for sustainable energy system planning: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 602-615.
    2. Yunna Wu & Jianli Zhou & Yong Hu & Lingwenying Li & Xiaokun Sun, 2018. "A TODIM-Based Investment Decision Framework for Commercial Distributed PV Projects under the Energy Performance Contracting (EPC) Business Model: A Case in East-Central China," Energies, MDPI, vol. 11(5), pages 1-27, May.
    3. Nasrollahi, Sadaf & Kazemi, Aliyeh & Jahangir, Mohammad-Hossein & Aryaee, Sara, 2023. "Selecting suitable wave energy technology for sustainable development, an MCDM approach," Renewable Energy, Elsevier, vol. 202(C), pages 756-772.
    4. Wu, Yunna & Xu, Chuanbo & Ke, Yiming & Li, Xinying & Li, Lingwenying, 2019. "Portfolio selection of distributed energy generation projects considering uncertainty and project interaction under different enterprise strategic scenarios," Applied Energy, Elsevier, vol. 236(C), pages 444-464.
    5. Kokaraki, Nikoleta & Hopfe, Christina J. & Robinson, Elaine & Nikolaidou, Elli, 2019. "Testing the reliability of deterministic multi-criteria decision-making methods using building performance simulation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 991-1007.
    6. Fuquan Zhao & Feiqi Liu & Han Hao & Zongwei Liu, 2020. "Carbon Emission Reduction Strategy for Energy Users in China," Sustainability, MDPI, vol. 12(16), pages 1-19, August.
    7. Marco Rogna, 2019. "A First-Phase Screening Device for Site Selection of Large-Scale Solar Plants with an Application to Italy," BEMPS - Bozen Economics & Management Paper Series BEMPS57, Faculty of Economics and Management at the Free University of Bozen.
    8. Marcin Rabe & Dalia Streimikiene & Yuriy Bilan, 2019. "The Concept of Risk and Possibilities of Application of Mathematical Methods in Supporting Decision Making for Sustainable Energy Development," Sustainability, MDPI, vol. 11(4), pages 1-24, February.
    9. Yi, Liqi & Li, Tao & Zhang, Ting, 2021. "Optimal investment selection of regional integrated energy system under multiple strategic objectives portfolio," Energy, Elsevier, vol. 218(C).
    10. Aikaterini Papapostolou & Charikleia Karakosta & Kalliopi-Anastasia Kourti & Haris Doukas & John Psarras, 2019. "Supporting Europe’s Energy Policy Towards a Decarbonised Energy System: A Comparative Assessment," Sustainability, MDPI, vol. 11(15), pages 1-26, July.
    11. Amro M Elshurafa & Abdel Rahman Muhsen, 2019. "The Upper Limit of Distributed Solar PV Capacity in Riyadh: A GIS-Assisted Study," Sustainability, MDPI, vol. 11(16), pages 1-20, August.
    12. Athanasios P. Vavatsikos & Efstratios Tsesmetzis & Georgios Koulinas & Dimitrios Koulouriotis, 2022. "A robust group decision making framework using fuzzy TOPSIS and Monte Carlo simulation for wind energy projects multicriteria evaluation," Operational Research, Springer, vol. 22(5), pages 6055-6073, November.
    13. Rogna, Marco, 2020. "A first-phase screening method for site selection of large-scale solar plants with an application to Italy," Land Use Policy, Elsevier, vol. 99(C).
    14. Vale, A.M. & Felix, D.G. & Fortes, M.Z. & Borba, B.S.M.C. & Dias, B.H. & Santelli, B.S., 2017. "Analysis of the economic viability of a photovoltaic generation project applied to the Brazilian housing program “Minha Casa Minha Vida”," Energy Policy, Elsevier, vol. 108(C), pages 292-298.
    15. Mahsa Montajabiha, 2016. "An Extended PROMETHE II Multi-Criteria Group Decision Making Technique Based on Intuitionistic Fuzzy Logic for Sustainable Energy Planning," Group Decision and Negotiation, Springer, vol. 25(2), pages 221-244, March.
    16. Büyüközkan, Gülçin & Karabulut, Yağmur, 2017. "Energy project performance evaluation with sustainability perspective," Energy, Elsevier, vol. 119(C), pages 549-560.
    17. Strantzali, Eleni & Aravossis, Konstantinos, 2016. "Decision making in renewable energy investments: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 885-898.
    18. Kayser, Dirk, 2016. "Solar photovoltaic projects in China: High investment risks and the need for institutional response," Applied Energy, Elsevier, vol. 174(C), pages 144-152.
    19. Arif Ali Baig Moghal & Ateekh Ur Rehman & K Venkata Vydehi & Usama Umer, 2020. "Sustainable Perspective of Low-Lime Stabilized Fly Ashes for Geotechnical Applications: PROMETHEE-Based Optimization Approach," Sustainability, MDPI, vol. 12(16), pages 1-19, August.
    20. Parajuli, Ranjan & Dalgaard, Tommy & Jørgensen, Uffe & Adamsen, Anders Peter S. & Knudsen, Marie Trydeman & Birkved, Morten & Gylling, Morten & Schjørring, Jan Kofod, 2015. "Biorefining in the prevailing energy and materials crisis: a review of sustainable pathways for biorefinery value chains and sustainability assessment methodologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 244-263.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:143:y:2018:i:c:p:295-309. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.