Selection of Renewables for Economic Regions with Diverse Conditions: The Case of Azerbaijan

Mahammad Nuriyev, Jeyhun Mammadov (), Aziz Nuriyev and Joshgun Mammadov
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Mahammad Nuriyev: Department of Economics and Management, Khazar University, 41 Mahsati Str., Baku AZ1096, Azerbaijan
Jeyhun Mammadov: Department of Economics and Management, Khazar University, 41 Mahsati Str., Baku AZ1096, Azerbaijan
Aziz Nuriyev: Joint MBA Program, Azerbaijan State Oil and Industrial University, 20 Azadliq Ave., Baku AZ1010, Azerbaijan
Joshgun Mammadov: Department of Economics and Management, Khazar University, 41 Mahsati Str., Baku AZ1096, Azerbaijan

Sustainability, 2022, vol. 14, issue 19, 1-14

Abstract: The objective of this paper is to study the specifics of the selection of renewables for regions of Azerbaijan with diverse conditions. Information is obtained through the analysis of the regions’ conditions and experts’ opinions. Analysis reveals that geographical position, diversity of natural resources, and a variety of other factors of the five economic regions of the country require subdivision of these regions in the selection of renewables. Given that the selection of renewables is a multi-criteria decision-making (MCDM) task under a high degree of uncertainty, Z-number-based models have been developed, and Z-extension of the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) method has been used. Solutions have been derived based on direct calculations with Z-numbers. In this paper, results obtained for two regions are presented. In the case of one region, for the first part (mountains and foothill) of the Karabakh economic region, renewables are ranked as hydro, solar, and wind. For the second part (plain), the ranking is as follows: solar, hydro, and wind. For the Guba-Khachmaz economic region, the rankings of renewables for parts of the region are also different: the wind is preferable for the seaside, and solar is more appropriate for the foothills. Results show that in the case of uneven distribution of renewables and significant differences in factors influencing decision-making, it is necessary to subdivide economic regions and use different models for the selection of renewables.

Keywords: renewables selection; diverse conditions; Z-numbers; direct calculations; Z-TOPSIS (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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