Chapters authored
Combining AHP Method with BOCR Merits to Analyze the Outcomes of Business Electricity Sustainability
Over the last three decades, many researchers and decision makers have investigated separately the issues of economic growth, profitability, and quality of life when thinking about business electricity sustainability. The correlations between these paradigms still remain at the stage of discussions, debates, and forecasts as a reaction to the occurred conflicts and disasters. There is a lack of real encryption that demonstrates their interactions. It is useful to materialize the expectations of stakeholders by mathematical modeling and providing answers to specific wants of each society according to its financial resources, its concrete societal objectives, especially to which kind of energy legacy it wants to contribute to future generations. It is imperative that experts assist decision makers, through transparent methods that seek consensus. To this end, the analytic hierarchy process (AHP) method was proposed as it has proven its efficiency in many areas of human activities. The outcomes were analyzed using this method, and the findings were compared and recommendations were made using other multi‐criteria decision‐making (MCDM) methods. As for energy sustainability, it is imperative to move toward renewable energy resources while trying to hold together the benefits, opportunities, costs, and risks (BOCR). We have retained that status quo is not sustainable.
Part of the book: Applications and Theory of Analytic Hierarchy Process