Assessment of Battery Energy Storage Systems Using the Intuitionistic Fuzzy Removal Effects of Criteria and the Measurement of Alternatives and Ranking Based on Compromise Solution Method

Arunodaya Raj Mishra, Dinesh Kumar Tripathi, Fausto Cavallaro (), Pratibha Rani, Santosh K. Nigam and Abbas Mardani
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Arunodaya Raj Mishra: Department of Mathematics, Government College Raigaon, Satna 485441, Madhya Pradesh, India
Dinesh Kumar Tripathi: Department of Mathematics, Government Autonomous Post Graduate College Satna, Satna 485001, Madhya Pradesh, India
Fausto Cavallaro: Department of Economics, University of Molise, Via De Sanctis, 86100 Campobasso, Italy
Pratibha Rani: Department of Engineering Mathematics, Koneru Lakshmaiah Educational Foundation, Vaddeswaram 522302, Andhra Pradesh, India
Santosh K. Nigam: Department of Mathematics, Government Autonomous Post Graduate College Satna, Satna 485001, Madhya Pradesh, India
Abbas Mardani: Muma Business School, University of South Florida (USF), Tampa, FL 33612, USA

Energies, 2022, vol. 15, issue 20, 1-23

Abstract: The energy storage is an important character for sustainable energy structures and the prospective future economy. This paper aims to propose a multi-attribute decision analysis (MADA) approach to prioritize and choose the energy storage system (ESS) alternatives in terms of the different technical, economic, environmental and social aspects of them. In this line, an integrated approach is developed with the combination of intuitionistic fuzzy sets (IFSs), a method using the removal effects of criteria (MEREC), rank sum (RS) and the measurement of the alternatives and ranking based on compromise solution (MARCOS) methods for prioritizing the ESSs. The IF-MEREC-RS was used to find the integrated weight by combining the objective and subjective weights of the different indicators for prioritizing the ESSs. The MARCOS method was implemented to rank the various ESSs over several crucial indicators of sustainability. The practical outcome illustrates that the Li-ion battery (LIB) is the best ESS among all of the options, and this is followed by NaSB and NiMHB. A sensitivity investigation with the diverse weights of the indicators shows the impact of the risk preferences on an alternative prioritization. A comparison is discussed with the outcomes of the different presented, extant approaches to certify the superiority of the presented approach.

Keywords: intuitionistic fuzzy sets; energy storage; sustainability; MEREC; rank sum; MARCOS; multi-attribute decision analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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