A comprehensive review on applications of multicriteria decision‐making methods in power and energy systems

Abstract

Summary Energy has been considered as one of the essential needs of mankind along with air, water, and food and witnessed evolution of civilization since evidence of human life. Managing energy resources is one of the challenging problems being capital intensive. Addressing this involves critical thinking and decision making with all possible aspects, technically known as set of primary and secondary criteria. There exist a number of literature sources addressing applications of multicriteria decision‐making (MCDM) in different energy‐related areas. Some are focusing on energy policy making, few are explaining site selection of solar PV, wind farm, and hydro power plants, and a few are describing applications in load management. Moreover, a few literature in this field elaborates various MCDM methods and their applications. In this article, an extensive and exhaustive study is carried out incorporating almost all possible applications of MCDM in renewable energy area. Various energy‐intensive applications are mapped with MCDM methods along with governing sensitive parameters. Hence, this study facilitates practicing engineers, decision‐makers, academician, and researchers to identify areas and MCDM techniques researched over the past decade in energy sector for planning, managing, selecting renewable resources, etc.

Smart grid reliability evaluation and assessment

“…This will have a direct impact on lower the prices and improve the quality of services and goods. Moreover, it would reduce losses by society and improve economic growth in addition to improve countries economic development and national security, which will eventually create and attract more investment opportunities and enhance social welfare (Bohra and Anvari-Moghaddam, 2022). The benefits of this study to society are not limited to economy.…”

Untitled

“…Более того, вопрос изменения климата стоит для нашей страны острее, чем в среднем для планеты (Жигалов и др., 2018). Наметившийся тренд на декарбонизацию лежит в русле парадигмы устойчивого развития, объединяющей глобальные цели по решению экологических, социально-экономических и научно-технологических задач, очерчивая контур перспектив глобального экономического развития (Bohra et al, 2022;Hernan et al, 2022;Ye et al, 2022).…”

The Achievements of Climate Change and Energy Policy in the European Union

“…For example, Mardani et al [38] and Kaya et al [39] reviewed different MCDM methods applied for energy policy and decision-making problems. Bohra and Anvari-Moghaddam [40] provided a comprehensive review on applications of MCDM approaches in power and energy systems. The studies by Pohekar and Ramachandran [41] and Siksnelyte et al [42] reviewed the studies dealing with sustainable energy development issues using application of the MCDM approaches.…”