A hierarchical performance evaluation approach for the sustainability of smart grid
International Journal of Energy Sector Management
ISSN: 1750-6220
Article publication date: 26 May 2022
Issue publication date: 21 March 2023
Abstract
Purpose
The purpose of this study is to establish a hierarchy of critical success factors to develop a framework for evaluating the performance of smart grids from a sustainability perspective.
Design/methodology/approach
The fuzzy analytical hierarchy process is used in this study to assess and determine the relative weight of economic, operational and environmental criteria. At the same time, the evidential reasoning algorithm is used to determine the belief degree of expert’s opinion, and the expected utility theory for the crisp value of success factors in performance estimation.
Findings
The finding reveals that success factors associated with the economic criteria receive significantly more attention from the expert group. Sensitivity analysis indicates the ranking of consumer satisfaction remains stable no matter how criteria weights are changed, which verifies the robustness and effectiveness of the proposed model and evaluation results.
Originality/value
The study presents a solid mathematical framework for collaborative system modeling and systematic analysis. Managers and stakeholders may use the proposed technique as a flexible tool to improve the energy system’s resiliency in a systematic way.
Keywords
Citation
Pal, C. and Shankar, R. (2023), "A hierarchical performance evaluation approach for the sustainability of smart grid", International Journal of Energy Sector Management, Vol. 17 No. 3, pp. 569-594. https://doi.org/10.1108/IJESM-02-2022-0011
Publisher
:Emerald Publishing Limited
Copyright © 2022, Emerald Publishing Limited