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Wind Energy Investment Analyses Based on Fuzzy Sets

  • Cengiz Kahraman
  • Sezi Çevik Onar
  • Başar Öztayşi
  • İrem Uçal Sarı
  • Esra İlbahar
Chapter
Part of the Studies in Systems, Decision and Control book series (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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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Cengiz Kahraman
    • 1
  • Sezi Çevik Onar
    • 1
  • Başar Öztayşi
    • 1
  • İrem Uçal Sarı
    • 1
  • Esra İlbahar
    • 1
  1. 1.Industrial Engineering DepartmentIstanbul Technical UniversityMacka, IstanbulTurkey

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