An Evaluation of E7 Countries’ Sustainable Energy Investments: A Decision-Making Approach with Spherical Fuzzy Sets

Abstract: The purpose of this study is to identify important strategies to increase sustainable energy investments in emerging economies. For this situation, first, four different indicators are selected according to the dimensions of the balanced scorecard technique. The weights of these items are computed by using Quantum Spherical fuzzy DEMATEL. In the second phase, emerging seven (E7) countries are ranked regarding the performance of sustainable energy investments. In this process, Quantum Spherical fuzzy TOPSIS is taken into consideration. The main contribution of this study is that prior factors can be defined for emerging economies to increase sustainable energy investments in a more effective way. Furthermore, a novel decision-making model is developed while integrating TOPSIS and DEMATEL with Quantum theory, Spherical fuzzy sets, facial expressions of the experts, and collaborative filtering. It is concluded that competition is the most significant factor for the performance of sustainable energy investments. In addition, the ranking results denote that China and Russia are the most successful emerging economies with respect to sustainable energy investments. It is strongly recommended that emerging countries should mainly consider benchmarking the capacity of energy hubs with the aim of increasing the capacity of ongoing energy plants.

Standort
Deutsche Nationalbibliothek Frankfurt am Main
Umfang
Online-Ressource
Sprache
Englisch

Erschienen in
An Evaluation of E7 Countries’ Sustainable Energy Investments: A Decision-Making Approach with Spherical Fuzzy Sets ; volume:17 ; number:1 ; year:2023 ; extent:21
Economics / Journal articles. Journal articles ; 17, Heft 1 (2023) (gesamt 21)

Urheber
Rahadian, Dadan
Firli, Anisah
Dinçer, Hasan
Yüksel, Serhat
Hacıoğlu, Ümit
Gherghina, Ştefan Cristian
Aksoy, Tamer

DOI
10.1515/econ-2022-0051
URN
urn:nbn:de:101:1-2023111713061672684073
Rechteinformation
Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Letzte Aktualisierung
15.08.2025, 07:36 MESZ

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Beteiligte

  • Rahadian, Dadan
  • Firli, Anisah
  • Dinçer, Hasan
  • Yüksel, Serhat
  • Hacıoğlu, Ümit
  • Gherghina, Ştefan Cristian
  • Aksoy, Tamer

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