Wind Energy Investment Analyses Based on Fuzzy Sets


Kahraman C. , Çevik Onar S. , Öztayşi B. , Uçal Sarı İ. , Ilbahar E.

ENERGY MANAGEMENT-COLLECTIVE AND COMPUTATIONAL INTELLIGENCE WITH THEORY AND APPLICATIONS, vol.149, pp.141-166, 2018 (Refereed Journals of Other Institutions) identifier

  • Publication Type: Article / Article
  • Volume: 149
  • Publication Date: 2018
  • Doi Number: 10.1007/978-3-319-75690-5_8
  • Title of Journal : ENERGY MANAGEMENT-COLLECTIVE AND COMPUTATIONAL INTELLIGENCE WITH THEORY AND APPLICATIONS
  • Page Numbers: pp.141-166

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.