Abstract
Due to the adaptation of recent pollution mitigation and justification policies there has been a growing trend for electricity generation from various renewable resources. The selection of the optimal renewable energy technology could be measured as a complex problem due to the complication of forthcoming circumstances in any country. Consequently, the proposed similar complex assessment problem can be tackled with the support of Multiple Attribute Decision Making (MADM) methods. The current research study investigates a technology selection problem by proposing a hybrid MADM approach based on the Step-Wise Weight Assessment Ratio Analysis (SWARA) approach with a hierarchical arrangement combined with the Multi-Objective Optimization on the basis of Ratio Analysis plus the full MULTIplicative form (MULTIMOORA). Ultimately, a conceptual case study regarding the selection of the optimal renewable energy technology based on a conceptual development project in Iran has been examined by the proposed combinative MADM methodology.
Highlights
In a century that technological advancements and continuous developments are at the cutting edge, it is unreasonable to only be dependent on unsecure and limited sources such as fossil fuels
The current study is a practical implementation of the H-Step-Wise Weight Assessment Ratio Analysis (SWARA)-MULTIMOORA approach in order to clarify a conceptual development program in regards to a renewable energy technology selection problem
One of the main purposes of the current study, after identifying the accurate selection criteria and alternatives for the proposed problem, is to present a hybrid technique based on the combination of the hierarchical SWARA method with the MULTIMOORA method
Summary
In a century that technological advancements and continuous developments are at the cutting edge, it is unreasonable to only be dependent on unsecure and limited sources such as fossil fuels. One of the most challenging practical issues in order to use renewable energy sources is to select which technology will provide the optimal solution based on various factors and attributes. This means while multiple renewable energy technologies are available, there are various socio-economic criteria that have to be considered. This problem counts as a decision-making problem
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