Page 64 - Decision Making Applications in Modern Power Systems

Multicriteria decision-making methodologies Chapter | 1 35

1.4 Conclusion
MCDM is a revolutionary tool having a wide range of applications in
energy planning covering the sustainable dimensions. For successful design
and implementation of energy projects based on renewable energy sources,
which involves a complex multiobjective traits, and differing views of sta-
keholders, MCDM can certainly play a crucial role. This chapter has iter-
ated a few of the most popular techniques currently applicable not only in
energy planning but also in other sectors, such as design and manufactur-
ing, business models, and logistics management. A detailed process with
the help of various flowcharts has been included for a better understanding
of the readers.

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