IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v256y2022ics0360544222015092.html
   My bibliography  Save this article

Coalition-oriented strategic selection of renewable energy system alternatives using q-ROF DEMATEL with golden cut

Author

Listed:
  • Sun, Liangliang
  • Peng, Jiayu
  • Dinçer, Hasan
  • Yüksel, Serhat

Abstract

Hybrid energy investment projects help to increase the efficiency in renewable energy production. This situation can be a solution to the high installation cost problem of the clean energy investments. While examining similar studies in the literature, it is determined that there is a need for a new study to identify the optimal combinations of the renewable energy alternatives to increase the effectiveness of the hybrid energy investments. This study aims to identify coalition-oriented strategic selection of renewable energy system alternatives. Several combinations are weighted by q-rung orthopair fuzzy (q-ROF) decision making trial and evaluation laboratory (DEMATEL) with golden cut and coalition game theory. Intuitionistic fuzzy sets (IFSs) and Pythagorean fuzzy sets (PFSs) are also used to check the validity of the findings. Moreover, multi stepwise weight assessment ratio analysis (M-SWARA) methodology is also considered to measure the consistency of the analysis results. It is defined that solar is the most efficient energy alternative for the hybrid energy investments. Solar energy should be prioritized in hybrid investment projects where at least two of the renewable energy alternatives are evaluated together. The usage area of solar energy is wide because it is not necessary to be close to the water source or the city network to install solar panels. Additionally, solar energy systems generally do not require much maintenance that provides a cost advantage compared to others. Owing to these issues, solar energy projects provide the highest contribution in all investment combinations. The novelty of this paper is to provide a unique model by combining the methodology of q-ROF and golden cut properly with the aim of proposing a set of renewable energy system combinations in terms of coalition game theory.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:energy:v:256:y:2022:i:c:s0360544222015092
    DOI: 10.1016/j.energy.2022.124606
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544222015092
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2022.124606?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. Emrani, Anisa & Berrada, Asmae & Bakhouya, Mohamed, 2022. "Optimal sizing and deployment of gravity energy storage system in hybrid PV-Wind power plant," Renewable Energy, Elsevier, vol. 183(C), pages 12-27.
    2. Weiping Zhang & Akbar Maleki & Ali Komeili Birjandi & Mohammad Alhuyi Nazari & Omid Mohammadi, 2021. "Discrete optimization algorithm for optimal design of a solar/wind/battery hybrid energy conversion scheme [Design and optimization of autonomous solar-wind-reverse osmosis desalination systems cou," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 16(2), pages 326-340.
    3. Buenfil Román, V. & Espadas Baños, G.A. & Quej Solís, C.A. & Flota-Bañuelos, M.I. & Rivero, M. & Escalante Soberanis, M.A., 2022. "Comparative study on the cost of hybrid energy and energy storage systems in remote rural communities near Yucatan, Mexico," Applied Energy, Elsevier, vol. 308(C).
    4. Dong, Weiwei & Zhao, Guohua & Yüksel, Serhat & Dinçer, Hasan & Ubay, Gözde Gülseven, 2022. "A novel hybrid decision making approach for the strategic selection of wind energy projects," Renewable Energy, Elsevier, vol. 185(C), pages 321-337.
    5. Tobajas, Javier & Garcia-Torres, Felix & Roncero-Sánchez, Pedro & Vázquez, Javier & Bellatreche, Ladjel & Nieto, Emilio, 2022. "Resilience-oriented schedule of microgrids with hybrid energy storage system using model predictive control," Applied Energy, Elsevier, vol. 306(PB).
    6. Jeyhun I. Mikayilov & Shahriyar Mukhtarov & Hasan Dinçer & Serhat Yüksel & Rıdvan Aydın, 2020. "Elasticity Analysis of Fossil Energy Sources for Sustainable Economies: A Case of Gasoline Consumption in Turkey," Energies, MDPI, vol. 13(3), pages 1-15, February.
    7. Johansen, Katinka, 2021. "Blowing in the wind: A brief history of wind energy and wind power technologies in Denmark," Energy Policy, Elsevier, vol. 152(C).
    8. 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).
    9. Sendstad, Lars H. & Hagspiel, Verena & Mikkelsen, Wilhelm Jebsen & Ravndal, Ruben & Tveitstøl, Martin, 2022. "The impact of subsidy retraction on European renewable energy investments," Energy Policy, Elsevier, vol. 160(C).
    10. Das, Pronob & Das, Barun K. & Rahman, Mushfiqur & Hassan, Rakibul, 2022. "Evaluating the prospect of utilizing excess energy and creating employments from a hybrid energy system meeting electricity and freshwater demands using multi-objective evolutionary algorithms," Energy, Elsevier, vol. 238(PB).
    11. Ullah, Zia & Elkadeem, M.R. & Kotb, Kotb M. & Taha, Ibrahim B.M. & Wang, Shaorong, 2021. "Multi-criteria decision-making model for optimal planning of on/off grid hybrid solar, wind, hydro, biomass clean electricity supply," Renewable Energy, Elsevier, vol. 179(C), pages 885-910.
    12. Huang, Kangdi & Liu, Pan & Ming, Bo & Kim, Jong-Suk & Gong, Yu, 2021. "Economic operation of a wind-solar-hydro complementary system considering risks of output shortage, power curtailment and spilled water," Applied Energy, Elsevier, vol. 290(C).
    13. Naderipour, Amirreza & Ramtin, Amir Reza & Abdullah, Aldrin & Marzbali, Massoomeh Hedayati & Nowdeh, Saber Arabi & Kamyab, Hesam, 2022. "Hybrid energy system optimization with battery storage for remote area application considering loss of energy probability and economic analysis," Energy, Elsevier, vol. 239(PD).
    14. 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).
    15. Middelhoff, Ella & Madden, Ben & Ximenes, Fabiano & Carney, Catherine & Florin, Nick, 2022. "Assessing electricity generation potential and identifying possible locations for siting hybrid concentrated solar biomass (HCSB) plants in New South Wales (NSW), Australia," Applied Energy, Elsevier, vol. 305(C).
    16. Mohamad, Farihan & Teh, Jiashen & Lai, Ching-Ming, 2021. "Optimum allocation of battery energy storage systems for power grid enhanced with solar energy," Energy, Elsevier, vol. 223(C).
    17. Ling Du & Hasan Dinçer & İrfan Ersin & Serhat Yüksel, 2020. "IT2 Fuzzy-Based Multidimensional Evaluation of Coal Energy for Sustainable Economic Development," Energies, MDPI, vol. 13(10), pages 1-21, May.
    18. Umar, Muhammad & Farid, Saqib & Naeem, Muhammad Abubakr, 2022. "Time-frequency connectedness among clean-energy stocks and fossil fuel markets: Comparison between financial, oil and pandemic crisis," Energy, Elsevier, vol. 240(C).
    19. Esteban Gil & Yerel Morales & Tomás Ochoa, 2021. "Addressing the Effects of Climate Change on Modeling Future Hydroelectric Energy Production in Chile," Energies, MDPI, vol. 14(1), pages 1-23, January.
    20. Sara C. Pryor & Rebecca J. Barthelmie, 2021. "A global assessment of extreme wind speeds for wind energy applications," Nature Energy, Nature, vol. 6(3), pages 268-276, March.
    21. Elgamal, M. & Korovkin, Nikolay & Abdel Menaem, A. & Elmitwally, Akram, 2022. "Day-ahead complex power scheduling in a reconfigurable hybrid-energy islanded microgrid with responsive demand considering uncertainty and different load models," Applied Energy, Elsevier, vol. 309(C).
    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. Elias Carayannis & Pantelis Kostis & Hasan Dinçer & Serhat Yüksel, 2022. "Balanced-Scorecard-Based Evaluation of Knowledge-Oriented Competencies of Distributed Energy Investments," Energies, MDPI, vol. 15(21), pages 1-23, November.
    2. Nebiyu Kedir & Phuong H. D. Nguyen & Citlaly Pérez & Pedro Ponce & Aminah Robinson Fayek, 2023. "Systematic Literature Review on Fuzzy Hybrid Methods in Photovoltaic Solar Energy: Opportunities, Challenges, and Guidance for Implementation," Energies, MDPI, vol. 16(9), pages 1-38, April.

    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. 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.
    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. 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).
    4. Takele Ferede Agajie & Ahmed Ali & Armand Fopah-Lele & Isaac Amoussou & Baseem Khan & Carmen Lilí Rodríguez Velasco & Emmanuel Tanyi, 2023. "A Comprehensive Review on Techno-Economic Analysis and Optimal Sizing of Hybrid Renewable Energy Sources with Energy Storage Systems," Energies, MDPI, vol. 16(2), pages 1-26, January.
    5. Han, Fengwu & Zeng, Jianfeng & Lin, Junjie & Gao, Chong & Ma, Zeyang, 2023. "A novel two-layer nested optimization method for a zero-carbon island integrated energy system, incorporating tidal current power generation," Renewable Energy, Elsevier, vol. 218(C).
    6. Niu, Xiaoqin & Yüksel, Serhat & Dinçer, Hasan, 2023. "Emission strategy selection for the circular economy-based production investments with the enhanced decision support system," Energy, Elsevier, vol. 274(C).
    7. Mohammadali Kiehbadroudinezhad & Adel Merabet & Ahmed G. Abo-Khalil & Tareq Salameh & Chaouki Ghenai, 2022. "Intelligent and Optimized Microgrids for Future Supply Power from Renewable Energy Resources: A Review," Energies, MDPI, vol. 15(9), pages 1-21, May.
    8. Li Zhe & Serhat Yüksel & Hasan Dinçer & Shahriyar Mukhtarov & Mayis Azizov, 2021. "The Positive Influences of Renewable Energy Consumption on Financial Development and Economic Growth," SAGE Open, , vol. 11(3), pages 21582440211, August.
    9. Wang, Fanyi & Ma, Wanying & Mirza, Nawazish & Altuntaş, Mehmet, 2023. "Green financing, financial uncertainty, geopolitical risk, and oil prices volatility," Resources Policy, Elsevier, vol. 83(C).
    10. Choi, Gahyun & Park, Kwangyeol & Yi, Eojin & Ahn, Kwangwon, 2023. "Price fairness: Clean energy stocks and the overall market," Chaos, Solitons & Fractals, Elsevier, vol. 168(C).
    11. Liu, Yongtuan & Wang, Kewei, 2024. "Asymmetric impacts of coal prices, fintech, and financial stress on clean energy stocks," Resources Policy, Elsevier, vol. 92(C).
    12. Gaige Hunter Kerr & Michelle Meyer & Daniel L. Goldberg & Joshua Miller & Susan C. Anenberg, 2024. "Air pollution impacts from warehousing in the United States uncovered with satellite data," Nature Communications, Nature, vol. 15(1), pages 1-9, December.
    13. Moradi-Sepahvand, Mojtaba & Amraee, Turaj, 2021. "Integrated expansion planning of electric energy generation, transmission, and storage for handling high shares of wind and solar power generation," Applied Energy, Elsevier, vol. 298(C).
    14. Feras Alasali & Mohammad Salameh & Ali Semrin & Khaled Nusair & Naser El-Naily & William Holderbaum, 2022. "Optimal Controllers and Configurations of 100% PV and Energy Storage Systems for a Microgrid: The Case Study of a Small Town in Jordan," Sustainability, MDPI, vol. 14(13), pages 1-20, July.
    15. Huang, Chunjun & Zong, Yi & You, Shi & Træholt, Chresten & Zheng, Yi & Wang, Jiawei & Zheng, Zixuan & Xiao, Xianyong, 2023. "Economic and resilient operation of hydrogen-based microgrids: An improved MPC-based optimal scheduling scheme considering security constraints of hydrogen facilities," Applied Energy, Elsevier, vol. 335(C).
    16. Martínez-Martínez, Yenisleidy & Dewulf, Jo & Casas-Ledón, Yannay, 2022. "GIS-based site suitability analysis and ecosystem services approach for supporting renewable energy development in south-central Chile," Renewable Energy, Elsevier, vol. 182(C), pages 363-376.
    17. Naeem, Muhammad Abubakr & Arfaoui, Nadia, 2023. "Exploring downside risk dependence across energy markets: Electricity, conventional energy, carbon, and clean energy during episodes of market crises," Energy Economics, Elsevier, vol. 127(PB).
    18. Zhou, Jianguo & Xu, Zhongtian, 2023. "Optimal sizing design and integrated cost-benefit assessment of stand-alone microgrid system with different energy storage employing chameleon swarm algorithm: A rural case in Northeast China," Renewable Energy, Elsevier, vol. 202(C), pages 1110-1137.
    19. Wang, Yi & Qiu, Dawei & Sun, Mingyang & Strbac, Goran & Gao, Zhiwei, 2023. "Secure energy management of multi-energy microgrid: A physical-informed safe reinforcement learning approach," Applied Energy, Elsevier, vol. 335(C).
    20. Wei Chen & Yongle Tian & Kaiming Zheng & Nana Wan, 2023. "Influences of mechanisms on investment in renewable energy storage equipment," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(11), pages 12569-12595, November.

    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:256:y:2022:i:c:s0360544222015092. 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.