Meet Inspiring Speakers and Experts at our 3000+ Global Conference Series Events with over 1000+ Conferences, 1000+ Symposiums
and 1000+ Workshops on Medical, Pharma, Engineering, Science, Technology and Business.

Explore and learn more about Conference Series : World's leading Event Organizer

Back

Seongokn Lee

Korea Institute of Energy Research, Korea

Title: Energy technology assessment and prioritization integrated AHP and TOPSIS approach: In case of low oil prices and present nuclear power plant

Biography

Biography: Seongokn Lee

Abstract

Change in energy environment has been rapid in global energy markets. Advanced economies have been trying to build strategic energy technology development copying with environmental changes, their sustainable development and climate change. The strategic energy technology development is crucial factor for leading global green energy markets and
disseminating them in time. In this research, first stage applied scenario planning for making a framework of various scenarios with the upcoming uncertain future of energy environments. We implemented a systematic procedure composed of scenario planning and integrated two multi-criteria decision making approaches, which were the analytic hierarchy process and
TOPSIS methods, to assess 15 energy technologies and prioritize them when decision makers implemented a strategic energy technology development plan as a national level for enhancing national energy security, coping with rapid environmental changes and sustainable development. We made a short-list of 15 energy technologies including energy efficiency technologies, new and renewables and nuclear technology. In this research, we focus on case of low oil price changes and present nuclear power plant status. This research suggests how to find and generate a strategic energy technology development plan considering the selected two key uncertainty variables, including oil price changes and nuclear power plant construction, with STEEP and TOPSIS approaches in the first phase. And then, we build scenario framework considering two key criteria. We assess the case of low oil prices and present nuclear power plant by integrated two multi-criteria decision making approaches for prioritizing short-listed energy technologies. We focus on the strategic energy technology development plan. The results of this research provide decision makers for implementing the uncertain future efficiently with the strategic energy technology development with a scientific systemic procedure.