EVALUATION OF RENEWABLE ENERGY ALTERNATIVES USING MACBETH AND FUZZY AHP MULTICRITERIA METHODS: THE CASE OF TURKEY

Author:

Ertay Tijen1,Kahraman Cengiz1,Kaya İhsan2

Affiliation:

1. Department of Management Engineering, Istanbul Technical University, Maçka, 34367 İstanbul, Turkey

2. Department of Industrial Engineering, Yıldız Technical University, Yıldız, 34349 İstanbul, Turkey

Abstract

Energy is a critical foundation for economic growth and social progress. It is estimated that 70% of the world energy consumption could be provided from renewable resources by the year 2050. Renewable energy is the inevitable choice for sustainable economic growth, for the harmonious coexistence of human and environment as well as for the sustainable development. The aim of this paper is to evaluate the renewable energy alternatives as a key way for resolving the Turkey's energy-related challenges because of the fact that Turkey's energy consumption has risen dramatically over the past three decades as a consequence of economic and social development. In order to realize this aim, we comparatively use MACBETH and AHP-based multicriteria methods for the evaluation of renewable energy alternatives under fuzziness. We use 4 main attributes and 15 sub-attributes in the evaluation. The potential renewable energy alternatives in Turkey are determined as Solar, Wind, Hydropower, and Geothermal.

Publisher

Vilnius Gediminas Technical University

Subject

Finance

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