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- W4387313370 abstract "The development and survival of contemporary economies are fundamentally dependent on energy. Practically every aspect of human well-being depends on it, encompassing sustainability, employment, connectivity to necessities, and the economy, health care, employment, and education. Energy is regarded as being essential to the economic system and a key factor in a nation's prosperity. Developing markets must diversify their energy sources to ensure energy independence, supply options, employment generation, and sustainable development. A comprehensive energy development strategy is essential to meet supply and demand since population growth and modernization are two major drivers of rising energy needs.“The multicriteria decision making (MCDM) method is used to decide amongst many renewable power sources when numerous criteria are present. Using the COPRAS rating system, the report examines five alternative energy sources PV, solar thermal, hydro, wind, and biomass—against five components. Solar PV ranks fifth, solar thermal is third, hydro is first, the wind is fourth, and biomass is second in the COPRAS ranking of alternatives. Hydro recorded the largest significance compared to biomass, trailed by “solar thermal, wind, and solar PV”, as per the COPRAS ranking. Hydro > Biomass > Solar Thermal > Wind > Solar PV sums up the order. The most potential renewable source for economic development, according to this, is hydro." @default.
- W4387313370 created "2023-10-04" @default.
- W4387313370 date "2023-09-15" @default.
- W4387313370 modified "2023-10-04" @default.
- W4387313370 title "A study on the assessment of renewable energy resources for power generation using the MCDM approach" @default.
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- W4387313370 doi "https://doi.org/10.46632/jmc/2/3/1" @default.
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