Wind energy investment analyses based on fuzzy sets

Cengiz Kahraman; Sezi Çevik Onar; Başar Öztayşi; İrem Uçal Sarı; Esra İlbahar

doi:10.1007/978-3-319-75690-5_8

Wind energy investment analyses based on fuzzy sets

Cengiz Kahraman^*, Sezi Çevik Onar, Başar Öztayşi, İrem Uçal Sarı, Esra İlbahar

^*Corresponding author for this work

Department of Industrial Engineering

Istanbul Technical University

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

11 Citations (Scopus)

Abstract

Engineering economics deals with the investment decisions, where the investment parameters are very hard to estimate exactly. In the cases where we do not have the required data for parameter estimation, possibilistic approaches may be used. In this chapter, a brief literature review on wind energy investments is first presented. Later, the chapter gives present worth analysis (PWA) methods extended to fuzzy sets. The chapter introduces ordinary fuzzy PWA, type-2 fuzzy PWA, intuitionistic fuzzy PWA, and hesitant fuzzy PWA. A numerical application for each extension is presented.

Original language	English
Title of host publication	Studies in Systems, Decision and Control
Publisher	Springer International Publishing
Pages	141-166
Number of pages	26
DOIs	https://doi.org/10.1007/978-3-319-75690-5_8
Publication status	Published - 2018

Publication series

Name	Studies in Systems, Decision and Control
Volume	149
ISSN (Print)	2198-4182
ISSN (Electronic)	2198-4190

Bibliographical note

Publisher Copyright:
© 2018, Springer International Publishing AG, part of Springer Nature.

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10.1007/978-3-319-75690-5_8

Cite this

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abstract = "Engineering economics deals with the investment decisions, where the investment parameters are very hard to estimate exactly. In the cases where we do not have the required data for parameter estimation, possibilistic approaches may be used. In this chapter, a brief literature review on wind energy investments is first presented. Later, the chapter gives present worth analysis (PWA) methods extended to fuzzy sets. The chapter introduces ordinary fuzzy PWA, type-2 fuzzy PWA, intuitionistic fuzzy PWA, and hesitant fuzzy PWA. A numerical application for each extension is presented.",

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AU - Kahraman, Cengiz

AU - Çevik Onar, Sezi

AU - Öztayşi, Başar

AU - Sarı, İrem Uçal

AU - İlbahar, Esra

PY - 2018

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N2 - Engineering economics deals with the investment decisions, where the investment parameters are very hard to estimate exactly. In the cases where we do not have the required data for parameter estimation, possibilistic approaches may be used. In this chapter, a brief literature review on wind energy investments is first presented. Later, the chapter gives present worth analysis (PWA) methods extended to fuzzy sets. The chapter introduces ordinary fuzzy PWA, type-2 fuzzy PWA, intuitionistic fuzzy PWA, and hesitant fuzzy PWA. A numerical application for each extension is presented.

AB - Engineering economics deals with the investment decisions, where the investment parameters are very hard to estimate exactly. In the cases where we do not have the required data for parameter estimation, possibilistic approaches may be used. In this chapter, a brief literature review on wind energy investments is first presented. Later, the chapter gives present worth analysis (PWA) methods extended to fuzzy sets. The chapter introduces ordinary fuzzy PWA, type-2 fuzzy PWA, intuitionistic fuzzy PWA, and hesitant fuzzy PWA. A numerical application for each extension is presented.

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PB - Springer International Publishing

ER -

Wind energy investment analyses based on fuzzy sets

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