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A Data Envelopment Analysis Model For Renewable Energy Technology Selection, Elif Kongar, Kurt A. Rosentrater

Kurt A. Rosentrater

Public and media interest in alternative energy sources, such as renewable fuels, has rapidly increased in recent years due to higher prices for oil and natural gas. However, the current body of research providing comparative decision making models that either rank these alternative energy sources and/or determine the best possible alternatives is still limited. This paper aims at filling this gap by proposing a Data Envelopment Analysis (DEA) model structure for ranking energy source alternatives under varying circumstances. The model considers both the economics of energy sources and additional environmental criteria such as CO2 emissions and damage cost. Numerical examples …