Abstract
Energy investments are highly risky due to the uncertainties of the energy market. Over the past two decades, the usage of wind energy has been increased dramatically. Appropriate wind energy investment valuations are vital for both the public and private sectors. The fluctuations in the energy prices, the uncertainties in the production levels and the changes in the investment costs harden the wind energy investment decision. Using the traditional investment valuations overlooks the necessary managerial flexibility of investments, uncertainty and risk concepts. The spherical fuzzy sets enable us dealing with this uncertain structure with the hesitancy. In this study, a new Spherical fuzzy cost benefit analysis is developed and modified to the wind energy investment evaluation. In order to show the applicability of the proposed method a wind energy investment is analyzed with it. This new approach by taking into account the hesitancy may enable investments to be evaluated with more flexibility and accuracy.
Original language | English |
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Title of host publication | Intelligent and Fuzzy Techniques |
Subtitle of host publication | Smart and Innovative Solutions - Proceedings of the INFUS 2020 Conference |
Editors | Cengiz Kahraman, Sezi Cevik Onar, Basar Oztaysi, Irem Ucal Sari, Selcuk Cebi, A. Cagri Tolga |
Publisher | Springer |
Pages | 134-141 |
Number of pages | 8 |
ISBN (Print) | 9783030511555 |
DOIs | |
Publication status | Published - 2021 |
Event | International Conference on Intelligent and Fuzzy Systems, INFUS 2020 - Istanbul, Turkey Duration: 21 Jul 2020 → 23 Jul 2020 |
Publication series
Name | Advances in Intelligent Systems and Computing |
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Volume | 1197 AISC |
ISSN (Print) | 2194-5357 |
ISSN (Electronic) | 2194-5365 |
Conference
Conference | International Conference on Intelligent and Fuzzy Systems, INFUS 2020 |
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Country/Territory | Turkey |
City | Istanbul |
Period | 21/07/20 → 23/07/20 |
Bibliographical note
Publisher Copyright:© 2021, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.
Keywords
- Cost benefit analysis
- Engineering economics
- Spherical fuzzy sets
- Wind energy investment analysis