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Kano-based mapping of innovation strategies for renewable energy alternatives using hybrid interval type-2 fuzzy decision-making approach

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  • Li, Xiangrong
  • Zhu, Shaoying
  • Yüksel, Serhat
  • Dinçer, Hasan
  • Ubay, Gözde Gülseven

Abstract

In this study, it is aimed to identify innovative strategies for different renewable energy alternatives. In this context, the criteria that affect the effectiveness of renewable energy investments are first analyzed with the IT2 fuzzy DEMATEL. Then, 16 different strategies based on the Kano model are created. Also, appropriate innovative strategies have been determined for 5 different renewable energy types with IT2 fuzzy TOPSIS. Additionally, these alternatives are also ranked by using IT2 fuzzy VIKOR to make a comparative evaluation. Moreover, Monte Carlo simulation technique has been implemented to check and understand the objectiveness of the evaluation results. It is concluded that all results are quite coherent. The findings indicate that for the technical requirement dimension, the most important criteria are the availability of equipment and technological infrastructure. Regarding the customer satisfaction, it is identified that the possibility of sustainable consumption and competitive price play a key role. It is also determined that wind and solar energy alternatives are quite appropriate for all kinds of market conditions to create innovative strategies. For the biomass energy investments, new products should be developed by making radical innovations. In addition, it is seen that the hydroelectric energy alternative is not very suitable for its current form due to the low efficiency. Therefore, a detailed financial analysis should be carried out to solve this problem. Finally, as for geothermal energy investments, technical requirements should be satisfied to make more effective investments.

Suggested Citation

  • Li, Xiangrong & Zhu, Shaoying & Yüksel, Serhat & Dinçer, Hasan & Ubay, Gözde Gülseven, 2020. "Kano-based mapping of innovation strategies for renewable energy alternatives using hybrid interval type-2 fuzzy decision-making approach," Energy, Elsevier, vol. 211(C).
    • Handle: RePEc:eee:energy:v:211:y:2020:i:c:s0360544220317874
    DOI: 10.1016/j.energy.2020.118679
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    Cited by:

    1. Sun, Liangliang & Peng, Jiayu & Dinçer, Hasan & Yüksel, Serhat, 2022. "Coalition-oriented strategic selection of renewable energy system alternatives using q-ROF DEMATEL with golden cut," Energy, Elsevier, vol. 256(C).
    2. Yiqing Zhao & Renata Korsakienė & Hasan Dinçer & Serhat Yüksel, 2022. "Identifying Significant Points of Energy Culture for Developing Sustainable Energy Investments," SAGE Open, , vol. 12(1), pages 21582440221, March.
    3. Yue Meng & Haoyue Wu & Wenjing Zhao & Wenkuan Chen & Hasan Dinçer & Serhat Yüksel, 2021. "A hybrid heterogeneous Pythagorean fuzzy group decision modelling for crowdfunding development process pathways of fintech-based clean energy investment projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-34, December.
    4. Mukhtarov, Shahriyar & Yüksel, Serhat & Dinçer, Hasan, 2022. "The impact of financial development on renewable energy consumption: Evidence from Turkey," Renewable Energy, Elsevier, vol. 187(C), pages 169-176.
    5. Haiyang Shang & Fang Su & Serhat Yüksel & Hasan Dinçer, 2021. "Identifying the Strategic Priorities of the Technical Factors for the Sustainable Low Carbon Industry Based on Macroeconomic Conditions," SAGE Open, , vol. 11(2), pages 21582440211, May.
    6. Qilong Wan & Xiaoqing Zhao & Haibing Liu & Hasan Dinçer & Serhat Yüksel, 2022. "Assessing the New Product Development Process for the Industrial Decarbonization of Sustainable Economies," SAGE Open, , vol. 12(1), pages 21582440211, January.
    7. Lu, Zhiming & Gao, Yan & Xu, Chuanbo, 2021. "Evaluation of energy management system for regional integrated energy system under interval type-2 hesitant fuzzy environment," Energy, Elsevier, vol. 222(C).
    8. Zhou, Pengfei & Luo, Jie & Cheng, Fei & Yüksel, Serhat & Dinçer, Hasan, 2021. "Analysis of risk priorities for renewable energy investment projects using a hybrid IT2 hesitant fuzzy decision-making approach with alpha cuts," Energy, Elsevier, vol. 224(C).
    9. Wei Liu & Youfa Sun & Serhat Yüksel & Hasan Dinçer, 2021. "Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-31, December.

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