Selection Of An Electricity Tariff Plan For Mini-Grid Business Models: An Intuitionistic Fuzzy Axiomatic Design Approach

Subscribe to access this work and thousands more

Abstract

This article proposes a conceptual framework that used mini-gird business models (MBMs) to rank electricity tariff plans. The framework combines intuitionistic fuzzy set (IFS), Criteria Importance Through Inter-criteria Correlation (CRITIC), fuzzy axiomatic design (FAD) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS). It considered when decision-makers specify or did not specify for MBM’s requirements. Also, this article considered uncertainty in decision-makers information. The framework applicability was showed using information obtained from Sub-Sahara Africa. Five decision-makers provided information for the model implementation based on a well-structured questionnaire. The CRITIC method results showed that least and most important MBM are community-based and private MBMs, respectively. The IFS-FAD method identified time-based electricity tariff plan as the best suitable for the case study, while the IFS-TOPSIS method identified flexible best electricity tariff plans for the case study, respectively. However, both methods identified flat-rate as the least suitable plan. The proposed framework will provide mini-grid business owners with relevant information for energy tariff selection. 

Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Babatunde, M & Ighravwe, D (2021). Selection Of An Electricity Tariff Plan For Mini-Grid Business Models: An Intuitionistic Fuzzy Axiomatic Design Approach. Afribary. Retrieved from https://afribary.com/works/selection-of-an-electricity-tariff-plan-for-mini-grid-business-models-an-intuitionistic-fuzzy-axiomatic-design-approach

MLA 8th

Babatunde, Moses and Desmond Ighravwe "Selection Of An Electricity Tariff Plan For Mini-Grid Business Models: An Intuitionistic Fuzzy Axiomatic Design Approach" Afribary. Afribary, 07 May. 2021, https://afribary.com/works/selection-of-an-electricity-tariff-plan-for-mini-grid-business-models-an-intuitionistic-fuzzy-axiomatic-design-approach. Accessed 29 Mar. 2024.

MLA7

Babatunde, Moses, Desmond Ighravwe . "Selection Of An Electricity Tariff Plan For Mini-Grid Business Models: An Intuitionistic Fuzzy Axiomatic Design Approach". Afribary, Afribary, 07 May. 2021. Web. 29 Mar. 2024. < https://afribary.com/works/selection-of-an-electricity-tariff-plan-for-mini-grid-business-models-an-intuitionistic-fuzzy-axiomatic-design-approach >.

Chicago

Babatunde, Moses and Ighravwe, Desmond . "Selection Of An Electricity Tariff Plan For Mini-Grid Business Models: An Intuitionistic Fuzzy Axiomatic Design Approach" Afribary (2021). Accessed March 29, 2024. https://afribary.com/works/selection-of-an-electricity-tariff-plan-for-mini-grid-business-models-an-intuitionistic-fuzzy-axiomatic-design-approach