Development of renewable energy technology strategies using hybrid fuzzy MADM in SMEs

Maryam Ebrahimi

International Journal of Business Continuity and Risk Management, 2018, vol. 8, issue 2, 158-181

Abstract: In this study, fuzzy analytic network process (FANP) method is used in combination with fuzzy decision-making trial and evaluation laboratory (FDEMATEL), within the framework of SWOT analysis, to propose technology strategies (TSs) in renewable energy small and medium enterprises (SMEs). Both methods are applied to real life cases including decision data of human judgments with vague preferences. The used data is gathered from twelve experts working in SMEs within Iran's renewable energy sector; they are selected via a non-random sampling method. DEMATEL is a powerful method to capture the causal relationship between criteria and ANP with the help of DEMATEL looks for possible interdependencies among the elements, so as to evaluate different strategies and have the optimum one selected. SWOT analysis model is essentially related to the evaluation of the company's internal and external environments. The results of the present research were employed to present and prioritise different TSs.

Keywords: technology strategic planning; renewable energy; multi-attribute decision-making; fuzzy logic. (search for similar items in EconPapers)
Date: 2018
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