This paper proposes fuzzy multi-criteria decision-making approach integrated with fuzzy real option value theory. The applicability of the proposed method was shown on a real-world supermarket location selection problem. Based on the interviews with the experts, the evaluation criteria for...

Renewable energy is the energy generated from natural resources such as sunlight, wind, rain, tides and geothermal heat which are renewable. Energy resources are very important in perspective of economics and politics for all countries. Hence, the selection of the best alternative for any...

Oil and energy markets have experienced dramatic changes over the past three decades. Due to these changes, it may be difficult to model and forecast the oil consumption with traditional methods such as regression. Artificial Neural Networks (ANNs) are the strong rival of regression and time...

The purpose of this study is twofold: first, it is aimed at determining the best renewable energy alternative for Istanbul by using an integrated VIKOR-AHP methodology. Second, a selection among alternative energy production sites in this city is made using the same approach. In the proposed...