IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v248y2022ics0360544222004649.html
   My bibliography  Save this article

An integrated hesitant 2-tuple Pythagorean fuzzy analysis of QFD-based innovation cost and duration for renewable energy projects

Author

Listed:
  • Zhang, Yao
  • Zhang, Yuxin
  • Gong, Chao
  • Dinçer, Hasan
  • Yüksel, Serhat

Abstract

This study evaluates quality function deployment-based innovation pathways for renewable energy projects. For this purpose, a 2-stage novel model is suggested. Firstly, the weights of the factors are calculated by considering Pythagorean fuzzy decision-making trial and evaluation laboratory methodology based on 2-tuple linguistic values. With the help of the impact-relation map, the activities, and immediate predecessors are identified. Within this context, five different paths are determined for this situation. Secondly, the duration pathways and innovation costs are calculated for renewable energy projects. The findings indicate that the activities A (customer expectations) and E (production requirement) play the most critical role because they take place in all different paths. Therefore, it is strongly recommended that renewable energy investment companies should take necessary actions to satisfy customer expectations, such as offering affordable products and providing necessary information for the use of these projects.

Suggested Citation

  • Zhang, Yao & Zhang, Yuxin & Gong, Chao & Dinçer, Hasan & Yüksel, Serhat, 2022. "An integrated hesitant 2-tuple Pythagorean fuzzy analysis of QFD-based innovation cost and duration for renewable energy projects," Energy, Elsevier, vol. 248(C).
    • Handle: RePEc:eee:energy:v:248:y:2022:i:c:s0360544222004649
    DOI: 10.1016/j.energy.2022.123561
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544222004649
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2022.123561?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. Bourcet, Clémence & Bovari, Emmanuel, 2020. "Exploring citizens' decision to crowdfund renewable energy projects: Quantitative evidence from France," Energy Economics, Elsevier, vol. 88(C).
    2. Fadly, Dalia, 2019. "Low-carbon transition: Private sector investment in renewable energy projects in developing countries," World Development, Elsevier, vol. 122(C), pages 552-569.
    3. Shahbaz, Muhammad & Raghutla, Chandrashekar & Chittedi, Krishna Reddy & Jiao, Zhilun & Vo, Xuan Vinh, 2020. "The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index," Energy, Elsevier, vol. 207(C).
    4. Nimish Kumar & Nitai Pal, 2020. "The existence of barriers and proposed recommendations for the development of renewable energy in Indian perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(3), pages 2187-2205, March.
    5. Kondziella, Hendrik & Bruckner, Thomas, 2016. "Flexibility requirements of renewable energy based electricity systems – a review of research results and methodologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 10-22.
    6. Haiyun, Cui & Zhixiong, Huang & Yüksel, Serhat & Dinçer, Hasan, 2021. "Analysis of the innovation strategies for green supply chain management in the energy industry using the QFD-based hybrid interval valued intuitionistic fuzzy decision approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    7. Tolliver, Clarence & Keeley, Alexander Ryota & Managi, Shunsuke, 2020. "Policy targets behind green bonds for renewable energy: Do climate commitments matter?," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    8. Wang, Qiang & Wang, Lili, 2020. "Renewable energy consumption and economic growth in OECD countries: A nonlinear panel data analysis," Energy, Elsevier, vol. 207(C).
    9. Lee, Cheuk Wing & Zhong, Jin, 2015. "Financing and risk management of renewable energy projects with a hybrid bond," Renewable Energy, Elsevier, vol. 75(C), pages 779-787.
    10. Wu, Ting & Yang, Shuwang & Tan, Jingjing, 2020. "Impacts of government R&D subsidies on venture capital and renewable energy investment -- an empirical study in China," Resources Policy, Elsevier, vol. 68(C).
    11. José Luís Quesado Pinto & João Carlos O. Matias & Carina Pimentel & Susana Garrido Azevedo & Kannan Govindan, 2018. "Introduction to Lean and Just-in-Time Manufacturing," Management for Professionals, in: Just in Time Factory, chapter 1, pages 1-4, Springer.
    12. Tugcu, Can Tansel & Topcu, Mert, 2018. "Total, renewable and non-renewable energy consumption and economic growth: Revisiting the issue with an asymmetric point of view," Energy, Elsevier, vol. 152(C), pages 64-74.
    13. Khosravi, A. & Koury, R.N.N. & Machado, L. & Pabon, J.J.G., 2018. "Energy, exergy and economic analysis of a hybrid renewable energy with hydrogen storage system," Energy, Elsevier, vol. 148(C), pages 1087-1102.
    14. Barroco, Jose & Herrera, Maria, 2019. "Clearing barriers to project finance for renewable energy in developing countries: A Philippines case study," Energy Policy, Elsevier, vol. 135(C).
    15. Farooquee, Arsalan Ali & Shrimali, Gireesh, 2016. "Making renewable energy competitive in India: Reducing financing costs via a government-sponsored hedging facility," Energy Policy, Elsevier, vol. 95(C), pages 518-528.
    16. Ebers Broughel, Anna & Hampl, Nina, 2018. "Community financing of renewable energy projects in Austria and Switzerland: Profiles of potential investors," Energy Policy, Elsevier, vol. 123(C), pages 722-736.
    17. Gatzert, Nadine & Kosub, Thomas, 2016. "Risks and risk management of renewable energy projects: The case of onshore and offshore wind parks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 982-998.
    18. Tim Braunholtz-Speight & Maria Sharmina & Edward Manderson & Carly McLachlan & Matthew Hannon & Jeff Hardy & Sarah Mander, 2020. "Price support allows communities to raise low-cost citizen finance for renewable energy projects," Nature Energy, Nature, vol. 5(2), pages 127-128, February.
    19. Li, Tao & Li, Ang & Guo, Xiaopeng, 2020. "The sustainable development-oriented development and utilization of renewable energy industry——A comprehensive analysis of MCDM methods," Energy, Elsevier, vol. 212(C).
    20. Akintande, Olalekan J. & Olubusoye, Olusanya E. & Adenikinju, Adeola F. & Olanrewaju, Busayo T., 2020. "Modeling the determinants of renewable energy consumption: Evidence from the five most populous nations in Africa," Energy, Elsevier, vol. 206(C).
    21. Pfeifer, Antun & Dobravec, Viktorija & Pavlinek, Luka & Krajačić, Goran & Duić, Neven, 2018. "Integration of renewable energy and demand response technologies in interconnected energy systems," Energy, Elsevier, vol. 161(C), pages 447-455.
    22. Mirzania, Pegah & Ford, Andy & Andrews, Deborah & Ofori, George & Maidment, Graeme, 2019. "The impact of policy changes: The opportunities of Community Renewable Energy projects in the UK and the barriers they face," Energy Policy, Elsevier, vol. 129(C), pages 1282-1296.
    23. Unknown, 2016. "Energy for Sustainable Development," Conference Proceedings 253270, Guru Arjan Dev Institute of Development Studies (IDSAsr).
    24. Sukran Seker & Edmundas Kazimieras Zavadskas, 2017. "Application of Fuzzy DEMATEL Method for Analyzing Occupational Risks on Construction Sites," Sustainability, MDPI, vol. 9(11), pages 1-19, November.
    25. Stephen Bell, 2020. "The Renewable Energy Transition Energy Path Divergence, Increasing Returns and Mutually Reinforcing Leads in the State-Market Symbiosis," New Political Economy, Taylor & Francis Journals, vol. 25(1), pages 57-71, January.
    26. Colmenar-Santos, Antonio & Muñoz-Gómez, Antonio-Miguel & Rosales-Asensio, Enrique & López-Rey, África, 2019. "Electric vehicle charging strategy to support renewable energy sources in Europe 2050 low-carbon scenario," Energy, Elsevier, vol. 183(C), pages 61-74.
    27. Apergis, Nicholas & Ben Jebli, Mehdi & Ben Youssef, Slim, 2018. "Does renewable energy consumption and health expenditures decrease carbon dioxide emissions? Evidence for sub-Saharan Africa countries," Renewable Energy, Elsevier, vol. 127(C), pages 1011-1016.
    28. Zhang, Mingming & Liu, Liyun & Wang, Qunwei & Zhou, Dequn, 2020. "Valuing investment decisions of renewable energy projects considering changing volatility," Energy Economics, Elsevier, vol. 92(C).
    29. Plutshack, Victoria & Sengupta, Subhanjan & Sahay, Arunaditya & Viñuales, Jorge E., 2019. "New and renewable energy social enterprises accessing government support: Findings from India," Energy Policy, Elsevier, vol. 132(C), pages 367-378.
    30. Steffen, Bjarne, 2018. "The importance of project finance for renewable energy projects," Energy Economics, Elsevier, vol. 69(C), pages 280-294.
    31. Hanif, Imran & Aziz, Babar & Chaudhry, Imran Sharif, 2019. "Carbon emissions across the spectrum of renewable and nonrenewable energy use in developing economies of Asia," Renewable Energy, Elsevier, vol. 143(C), pages 586-595.
    32. Dina Azhgaliyeva & Anant Kapoor & Yang Liu, 2020. "Green bonds for financing renewable energy and energy efficiency in South-East Asia: a review of policies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 10(2), pages 113-140, April.
    33. Kucukali, Serhat, 2016. "Risk scorecard concept in wind energy projects: An integrated approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 975-987.
    34. Guido C. Guerrero-Liquet & Juan Miguel Sánchez-Lozano & María Socorro García-Cascales & María Teresa Lamata & José Luis Verdegay, 2016. "Decision-Making for Risk Management in Sustainable Renewable Energy Facilities: A Case Study in the Dominican Republic," Sustainability, MDPI, vol. 8(5), pages 1-21, May.
    35. Akbaş, Halil & Bilgen, Bilge, 2017. "An integrated fuzzy QFD and TOPSIS methodology for choosing the ideal gas fuel at WWTPs," Energy, Elsevier, vol. 125(C), pages 484-497.
    36. Ali M. Kutan & Sudharshan Reddy Paramati & Mallesh Ummalla & Abdulrasheed Zakari, 2018. "Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(8), pages 1761-1777, June.
    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. Rui Ai & Yuhang Zheng & Serhat Yüksel & Hasan Dinçer, 2023. "Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-28, December.
    2. Albahri, O.S. & Alamoodi, A.H. & Deveci, Muhammet & Albahri, A.S. & Mahmoud, Moamin A. & Sharaf, Iman Mohamad & Coffman, D'Maris, 2023. "Multi-perspective evaluation of integrated active cooling systems using fuzzy decision making model," Energy Policy, Elsevier, vol. 182(C).

    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. 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.
    2. Alvarado, Rafael & Deng, Qiushi & Tillaguango, Brayan & Méndez, Priscila & Bravo, Diana & Chamba, José & Alvarado-Lopez, María & Ahmad, Munir, 2021. "Do economic development and human capital decrease non-renewable energy consumption? Evidence for OECD countries," Energy, Elsevier, vol. 215(PB).
    3. Blazquez, Jorge & Galeotti, Marzio & Martin-Moreno, Jose M., 2021. "Green recovery packages for a post-Covid-19 world: A lesson from the collapse of Spanish wind farms in the past financial crisis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    4. Alharthi, Majed & Hanif, Imran & Alamoudi, Hawazen, 2022. "Impact of environmental pollution on human health and financial status of households in MENA countries: Future of using renewable energy to eliminate the environmental pollution," Renewable Energy, Elsevier, vol. 190(C), pages 338-346.
    5. Smirnova, Elena & Kot, Sebastian & Kolpak, Eugeny & Shestak, Viktor, 2021. "Governmental support and renewable energy production: A cross-country review," Energy, Elsevier, vol. 230(C).
    6. Filimonova Irina Viktorovna & Nemov Vasily Yurievich & Provornaya Irina Viktorovna & Ozhogova Lyubov Mikhailovna, 2021. "Impact of Renewable Energy Sources Consumption on Economic Growth in Europe and Asia-Pacific Region," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 270-278.
    7. Diógenes, Jamil Ramsi Farkat & Claro, João & Rodrigues, José Coelho, 2019. "Barriers to onshore wind farm implementation in Brazil," Energy Policy, Elsevier, vol. 128(C), pages 253-266.
    8. Adedoyin Isola Lawal, 2023. "The Nexus between Economic Growth, Energy Consumption, Agricultural Output, and CO 2 in Africa: Evidence from Frequency Domain Estimates," Energies, MDPI, vol. 16(3), pages 1-27, January.
    9. Dioba, Albina & Giannakopoulou, Amalia & Struthers, David & Stamos, Angelos & Dewitte, Siegfried & Fróes, Isabel, 2024. "Identifying key barriers to joining an energy community using AHP," Energy, Elsevier, vol. 299(C).
    10. Spyridon Karytsas & Dimitrios Mendrinos & Theoni I. Oikonomou & Ioannis Choropanitis & Attila Kujbus & Constantine Karytsas, 2022. "Examining the Development of a Geothermal Risk Mitigation Scheme in Greece," Clean Technol., MDPI, vol. 4(2), pages 1-21, May.
    11. Ghazouani, Tarek, 2022. "Dynamic impact of globalization on renewable energy consumption: Non-parametric modelling evidence," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    12. Gimelli, A. & Muccillo, M., 2019. "Performance assessment of a 15 kW Micro-CHCP plant through the 0D/1D thermo-fluid dynamic characterization of a double water circuit waste heat recovery system," Energy, Elsevier, vol. 181(C), pages 803-814.
    13. Waseem Yousaf & Muhammad Sajjad Hussain & Anam Aziz, 2021. "The Role of Green Energy on Reducing the Carbon Emission in ASEAN Countries," iRASD Journal of Energy and Environment, International Research Association for Sustainable Development (iRASD), vol. 2(1), pages 34-39, June.
    14. Jabeen, Gul & Ahmad, Munir & Zhang, Qingyu, 2021. "Perceived critical factors affecting consumers’ intention to purchase renewable generation technologies: Rural-urban heterogeneity," Energy, Elsevier, vol. 218(C).
    15. Ibrahiem, Dalia M. & Hanafy, Shaimaa A., 2021. "Do energy security and environmental quality contribute to renewable energy? The role of trade openness and energy use in North African countries," Renewable Energy, Elsevier, vol. 179(C), pages 667-678.
    16. Barroco, Jose & Herrera, Maria, 2019. "Clearing barriers to project finance for renewable energy in developing countries: A Philippines case study," Energy Policy, Elsevier, vol. 135(C).
    17. Shahnazi, Rouhollah & Dehghan Shabani, Zahra, 2021. "The effects of renewable energy, spatial spillover of CO2 emissions and economic freedom on CO2 emissions in the EU," Renewable Energy, Elsevier, vol. 169(C), pages 293-307.
    18. Mosquera-López, Stephania & Uribe, Jorge M., 2022. "Pricing the risk due to weather conditions in small variable renewable energy projects," Applied Energy, Elsevier, vol. 322(C).
    19. Sarah Hafner & Olivia James & Aled Jones, 2019. "A Scoping Review of Barriers to Investment in Climate Change Solutions," Sustainability, MDPI, vol. 11(11), pages 1-19, June.
    20. Fotio, Herve Kaffo & Nchofoung, Tii N. & Asongu, Simplice A., 2022. "Financing renewable energy generation in SSA: Does financial integration matter?," Renewable Energy, Elsevier, vol. 201(P2), pages 47-59.

    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:248:y:2022:i:c:s0360544222004649. 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.