SELECTION OF OPTIMAL RENEWABLE ENERGY INVESTMENT PROJECT VIA FUZZY ANP

Abstract

Purpose - This study aims to determine the optimal renewable energy investment project providing a guideline to the investors in decision

making process.

Methodology - This study presents a comprehensive and solid mathematical approach considering the assessment of the ambiguities in

the preferences of the decision maker for selection of the optimal renewable energy investment project via fuzzy analytic network process

(FANP). FANP captures vagueness along with uncertainties in the evaluation.

Findings - After FANP method had been implemented for the considered problem, Hydropower with 31% of importance is selected as

optimum renewable energy investment project for the firm.

Conclusion- This study provides a realistic assessment of energy resources and the consideration of the ambiguities presented in the

preferences of the decision maker

Keywords

• Multi Criteria Decision Analysis (MCDA),Fuzzy Logic,Fuzzy Analytic Network Process (FANP),Triangular Fuzzy Number,Renewable Energy (RE)

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