Multi-Criteria Decision-Making (MCDM) for the Assessment of Renewable Energy Technologies in a Household: A Review
Indre Siksnelyte-Butkiene (),
Edmundas Kazimieras Zavadskas () and
Dalia Streimikiene ()
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Indre Siksnelyte-Butkiene: Lithuanian Institute of Agrarian Economics, A. Vivulskio sreet 4A-13, LT-03220 Vilnius, Lithuania
Edmundas Kazimieras Zavadskas: Institute of Sustainable Construction, Vilnius Gediminas Technical University, Sauletekio avenue 11, LT-10223 Vilnius, Lithuania
Dalia Streimikiene: Lithuanian Institute of Agrarian Economics, A. Vivulskio sreet 4A-13, LT-03220 Vilnius, Lithuania
Energies, 2020, vol. 13, issue 5, 1-22
Different power generation technologies have different advantages and disadvantages. However, if compared to traditional energy sources, renewable energy sources provide a possibility to solve the climate change and economic decarbonization issues that are so relevant today. Therefore, the analysis and evaluation of renewable energy technologies has been receiving increasing attention in the politics of different countries and the scientific literature. The household sector consumes almost one third of all energy produced, thus studies on the evaluation of renewable energy production technologies in households are very important. This article reviews the scientific literature that have used multiple-criteria decision-making (MCDM) methods as a key tool to evaluate renewable energy technologies in households. The findings of the conducted research are categorized according to the objectives pursued and the criteria on which the evaluation was based are discussed. The article also provides an overview and in-depth analysis of MCDM methods and distinguishes the main advantages and disadvantages of using them to evaluate technologies in households.
Keywords: renewable energy technologies; multi-criteria decision-making; MCDM; household; technologies assessment; RES (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:13:y:2020:i:5:p:1164-:d:328232
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