A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements
The electricity generation policy is a strategic policy that drives development in a community. Energy policies are often analyzed with the aim of generating a reliable and affordable electricity for a community. There is a high probability of achieving this aim when energy policy is combined with a...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2019-04-01
|
| Series: | Journal of Project Management |
| Subjects: | |
| Online Access: | http://www.growingscience.com/jpm/Vol4/jpm_2019_1.pdf |
| _version_ | 1818028004556668928 |
|---|---|
| author | M.O. Babatunde D. E. Ighravwe |
| author_facet | M.O. Babatunde D. E. Ighravwe |
| author_sort | M.O. Babatunde |
| collection | DOAJ |
| description | The electricity generation policy is a strategic policy that drives development in a community. Energy policies are often analyzed with the aim of generating a reliable and affordable electricity for a community. There is a high probability of achieving this aim when energy policy is combined with a community social, technical, economic and environmental needs. This paper determines a hybrid renewable energy source (HRESs) for a rural community using technical, economic, and techno-economic criteria. The selection process combines Criteria Importance Through Inter-criteria Correlation (CRITIC) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) as a solution method. This approach applicability was tested using six HRESs under economic and technical criteria. Ten technical and nine economic criteria were simulated for the HRESs using HOMER. The results from the HOMER software show that A5(PV/wind/battery) and A6 (PV/battery) had a renewable fraction of 1. The results obtained from the CRITIC method showed that the most important technical and economic criteria were diesel generator and total fuel cost, respectively. From an economic perspective, the best HRES for the case study was A4 (diesel/batteries), while A3 (wind/diesel generator/batteries) was the best HRES from a technical and techno-economic perspectives. |
| first_indexed | 2024-12-10T04:56:54Z |
| format | Article |
| id | doaj.art-489e371368694147ba82042efa3bb26b |
| institution | Directory Open Access Journal |
| issn | 2371-8366 2371-8374 |
| language | English |
| last_indexed | 2024-12-10T04:56:54Z |
| publishDate | 2019-04-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Journal of Project Management |
| spelling | doaj.art-489e371368694147ba82042efa3bb26b2022-12-22T02:01:29ZengGrowing ScienceJournal of Project Management2371-83662371-83742019-04-014210912610.5267/j.jpm.2018.12.001A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirementsM.O. BabatundeD. E. IghravweThe electricity generation policy is a strategic policy that drives development in a community. Energy policies are often analyzed with the aim of generating a reliable and affordable electricity for a community. There is a high probability of achieving this aim when energy policy is combined with a community social, technical, economic and environmental needs. This paper determines a hybrid renewable energy source (HRESs) for a rural community using technical, economic, and techno-economic criteria. The selection process combines Criteria Importance Through Inter-criteria Correlation (CRITIC) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) as a solution method. This approach applicability was tested using six HRESs under economic and technical criteria. Ten technical and nine economic criteria were simulated for the HRESs using HOMER. The results from the HOMER software show that A5(PV/wind/battery) and A6 (PV/battery) had a renewable fraction of 1. The results obtained from the CRITIC method showed that the most important technical and economic criteria were diesel generator and total fuel cost, respectively. From an economic perspective, the best HRES for the case study was A4 (diesel/batteries), while A3 (wind/diesel generator/batteries) was the best HRES from a technical and techno-economic perspectives.http://www.growingscience.com/jpm/Vol4/jpm_2019_1.pdfTechno-economic criteriaHybrid renewable energy systemCRITIC-TOPSISWASPASSimulation |
| spellingShingle | M.O. Babatunde D. E. Ighravwe A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements Journal of Project Management Techno-economic criteria Hybrid renewable energy system CRITIC-TOPSIS WASPAS Simulation |
| title | A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements |
| title_full | A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements |
| title_fullStr | A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements |
| title_full_unstemmed | A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements |
| title_short | A CRITIC-TOPSIS framework for hybrid renewable energy systems evaluation under techno-economic requirements |
| title_sort | critic topsis framework for hybrid renewable energy systems evaluation under techno economic requirements |
| topic | Techno-economic criteria Hybrid renewable energy system CRITIC-TOPSIS WASPAS Simulation |
| url | http://www.growingscience.com/jpm/Vol4/jpm_2019_1.pdf |
| work_keys_str_mv | AT mobabatunde acritictopsisframeworkforhybridrenewableenergysystemsevaluationundertechnoeconomicrequirements AT deighravwe acritictopsisframeworkforhybridrenewableenergysystemsevaluationundertechnoeconomicrequirements AT mobabatunde critictopsisframeworkforhybridrenewableenergysystemsevaluationundertechnoeconomicrequirements AT deighravwe critictopsisframeworkforhybridrenewableenergysystemsevaluationundertechnoeconomicrequirements |