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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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Main Authors: Padmanathan K., Govindarajan U., Ramachandaramurthy V.K., Sudar Oli Selvi T.
Other Authors: 57194393495
Format: Article
Published: MDPI 2023
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spelling 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
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description analytical hierarchy process; decision making; demand analysis; economic analysis; electricity; energy market; energy resource; life cycle; performance assessment; photovoltaic system; renewable resource; India
author2 57194393495
author_facet 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
_version_ 1806426003642253312
score 13.222552

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