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Wind Energy Investment Analyses Based on Fuzzy Sets

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Energy Management—Collective and Computational Intelligence with Theory and Applications

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 149))

Abstract

Engineering economics deals with the investment decisions, where the investment parameters are very hard to estimate exactly. In the cases where we do not have the required data for parameter estimation, possibilistic approaches may be used. In this chapter, a brief literature review on wind energy investments is first presented. Later, the chapter gives present worth analysis (PWA) methods extended to fuzzy sets. The chapter introduces ordinary fuzzy PWA, type-2 fuzzy PWA, intuitionistic fuzzy PWA, and hesitant fuzzy PWA. A numerical application for each extension is presented.

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Author information

Authors and Affiliations

  1. Industrial Engineering Department, Istanbul Technical University, Macka, Istanbul, Turkey

    Cengiz Kahraman, Sezi Çevik Onar, Başar Öztayşi, İrem Uçal Sarı & Esra İlbahar

Authors
  1. Cengiz Kahraman
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  2. Sezi Çevik Onar
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  3. Başar Öztayşi
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  4. İrem Uçal Sarı
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  5. Esra İlbahar
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Corresponding author

Correspondence to Cengiz Kahraman .

Editor information

Editors and Affiliations

  1. Department of Industrial Engineering, Istanbul Technical University, Istanbul, Turkey

    Cengiz Kahraman

  2. Energy Institute, Istanbul Technical University, Istanbul, Turkey

    Gülgün Kayakutlu

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Kahraman, C., Çevik Onar, S., Öztayşi, B., Sarı, İ.U., İlbahar, E. (2018). Wind Energy Investment Analyses Based on Fuzzy Sets. In: Kahraman, C., Kayakutlu, G. (eds) Energy Management—Collective and Computational Intelligence with Theory and Applications. Studies in Systems, Decision and Control, vol 149. Springer, Cham. https://doi.org/10.1007/978-3-319-75690-5_8

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  • DOI: https://doi.org/10.1007/978-3-319-75690-5_8

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  • Online ISBN: 978-3-319-75690-5

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