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A Multi-Criteria Strategic Decision Making Model to Assess Renewable Energy Forms

Author

Listed:
  • Daniel W. Keebler

    (Rutgers University-Camden, Camden, NJ, USA)

  • Paul D. Albertelli Jr.

    (United States Military Academy, West Point, NY, USA & Stevens Institute of Technology, Hoboken, NJ, USA)

  • Briance Mascarenhas

    (Rutgers University-Camden, Camden, NJ, USA)

Abstract

Renewable energy can potentially be a source of competitive advantage, reduce greenhouse gases, and counter climate change. This study utilizes Multi-Criteria Decision Analysis to systematically assess the relative attractiveness of multiple renewable energy forms based on three factors: 1. business (economic), 2. technical (environmental), and 3. social (regulatory). It uncovers the relative attractiveness of various renewable energy forms and suggests strategies for their development for providers and customers. After considering multiple factors, the study found hydro, geothermal, and wind power to be relatively attractive renewable energy sources.

Suggested Citation

  • Daniel W. Keebler & Paul D. Albertelli Jr. & Briance Mascarenhas, 2017. "A Multi-Criteria Strategic Decision Making Model to Assess Renewable Energy Forms," International Journal of Strategic Decision Sciences (IJSDS), IGI Global, vol. 8(2), pages 1-10, April.
    • Handle: RePEc:igg:jsds00:v:8:y:2017:i:2:p:1-10
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