Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market
analytical hierarchy process; decision making; demand analysis; economic analysis; electricity; energy market; energy resource; life cycle; performance assessment; photovoltaic system; renewable resource; India
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2023
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my.uniten.dspace-232282023-05-29T14:38:36Z Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market Padmanathan K. Govindarajan U. Ramachandaramurthy V.K. Sudar Oli Selvi T. 57194393495 6603473566 6602912020 57194393283 analytical hierarchy process; decision making; demand analysis; economic analysis; electricity; energy market; energy resource; life cycle; performance assessment; photovoltaic system; renewable resource; India Energy market is subject to changing energy demands on a daily basis. The increasing demand for energy necessitates the use of renewable sources and promotes decentralized generation. Specifically, solar PV is preferred in the energy market to meet the increasing energy demand. New approaches are preferred in the economic analysis to simulate multiple actor interplays and intermittent behavior in order to predict the increasing complexity in solar PV. In the Indian society, there are various myths and perceptions regarding economics of electricity generated through solar PV system. Therefore, this paper will address the various Life Cycle Cost Analysis (LCCA) and economic analysis for all types of consumers in the Indian electricity market. A detailed economic and performance study is made by considering ten categories and seven sub categories of investment plan for 1 MW solar projects using Multi Criteria Decision Making (MCDM). Analytic Hierarchy Process (AHP) is applied to support the decision. � 2017 by the authors. Final 2023-05-29T06:38:36Z 2023-05-29T06:38:36Z 2017 Article 10.3390/su9050820 2-s2.0-85019945922 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85019945922&doi=10.3390%2fsu9050820&partnerID=40&md5=144215925ed1d2e4b5d42cc1a8908ea4 https://irepository.uniten.edu.my/handle/123456789/23228 9 5 820 All Open Access, Gold, Green MDPI Scopus |
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analytical hierarchy process; decision making; demand analysis; economic analysis; electricity; energy market; energy resource; life cycle; performance assessment; photovoltaic system; renewable resource; India |
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57194393495 |
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57194393495 Padmanathan K. Govindarajan U. Ramachandaramurthy V.K. Sudar Oli Selvi T. |
| format |
Article |
| author |
Padmanathan K. Govindarajan U. Ramachandaramurthy V.K. Sudar Oli Selvi T. |
| spellingShingle |
Padmanathan K. Govindarajan U. Ramachandaramurthy V.K. Sudar Oli Selvi T. Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market |
| author_sort |
Padmanathan K. |
| title |
Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market |
| title_short |
Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market |
| title_full |
Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market |
| title_fullStr |
Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market |
| title_full_unstemmed |
Multiple criteria decision making (MCDM) based economic analysis of solar PV system with respect to performance investigation for Indian market |
| title_sort |
multiple criteria decision making (mcdm) based economic analysis of solar pv system with respect to performance investigation for indian market |
| publisher |
MDPI |
| publishDate |
2023 |
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1806426003642253312 |