Integer Code Series Enhanced IT2 Fuzzy Decision Support System with Alpha Cuts for the Innovation Adoption Life Cycle Pattern Recognition of Renewable Energy Alternatives


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Zhao Y., Cheng F., YÜKSEL S., DİNÇER H.

IEEE Access, vol.9, pp.34906-34920, 2021 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume: 9
  • Publication Date: 2021
  • Doi Number: 10.1109/access.2021.3060109
  • Journal Name: IEEE Access
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Compendex, INSPEC, Directory of Open Access Journals
  • Page Numbers: pp.34906-34920
  • Keywords: Renewable energy sources, Technological innovation, Investment, Fuzzy sets, Stability analysis, Companies, Solar energy, Renewable energy, innovation potential, integer code series, IT2 fuzzy sets, alpha cuts, TOPSIS, VIKOR
  • Istanbul Medipol University Affiliated: Yes

Abstract

This study aims to evaluate the innovation adoption performance of the renewable energy alternatives. Within this context, a new model is created that consists of two different stages. Firstly, the decision combinations of innovation adoption life cycle patterns are identified by considering integer code series. On the other side, in the second stage, the innovation adoption life cycle performance of the renewable energy alternatives is ranked. In this framework, interval type-2 (IT2) fuzzy technique for order preference by similarity to ideal solution (TOPSIS) methodology is taken into consideration based on alpha cut levels. Moreover, a comparative evaluation is also conducted by considering IT2 fuzzy VIseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR). It is identified that the analysis results are quite coherent and reliable. The findings demonstrate that solar energy is the most appropriate renewable energy type to make innovation. Additionally, wind and geothermal energies are also other significant renewable energy types that have a great innovation potential. However, it is also concluded that biomass and hydroelectric energy have lower importance in comparison with the others. Another important point is that the ranking results are quite similar for different alpha cuts. This condition indicates that the analysis results are coherent and reliable. It is obvious that making investment to solar energy alternatives provides opportunity to adopt technologic innovation more easily. Therefore, it is recommended that investors should give priority to solar energy projects so that it can be more possible to increase the efficiency and the profitability of the investments.