A hybrid heterogeneous Pythagorean fuzzy group decision modelling for crowdfunding development process pathways of fintech-based clean energy investment projects

Abstract

This study aims to evaluate the crowdfunding alternatives regarding new service development process pathways of clean energy investment projects. In this framework, a new model has been generated by considering the consensus-based group decision-making with incomplete preferences, Pythagorean fuzzy decision-making trial and evaluation laboratory (DEMATEL) and technique for order preference by similarity to ideal solution (TOPSIS). Moreover, a comparative evaluation has been performed with Vise Kriterijumska Optimizacija I. Kompromisno Resenje methodology and sensitivity analysis has been made by considering 4 different cases. The main contribution is to identify appropriate crowdfunding-based funding alternatives for the improvement of the clean energy investments with a novel MCDM model. By considering the iteration technique and consensus-based analysis, the missing parts in the evaluations can be completed and opposite opinion problems can be reduced. Furthermore, with the help of hybrid MCDM model by combining DEMATEL and TOPSIS, more objective results can be reached. It is concluded that the analysis results are coherent and reliable. The findings indicate that the full launch is the most significant criterion for equity and debt-based crowdfunding alternatives. On the other side, the analysis has the highest weight for reward and donation-based alternatives whereas design is the most essential item regarding the royalty-based alternative. Additionally, it is also defined that equity-based crowdfunding alternative is the most significant for the service development process of clean energy investment projects. In this way, it will be possible to provide a continuous resource for clean energy investment projects. On the other hand, by providing financing with equity, there will be no fixed financing cost for clean energy investors. If these investors make a profit, they distribute dividends with the decision of their authorized bodies.

Golden Cut-Oriented Q-Rung Orthopair Fuzzy Decision-Making Approach to Evaluation of Renewable Energy Alternatives for Microgeneration System Investments

“…However, there are also opposite views in the literature regarding this issue. For instance, Meng et al [57]; Shang et al [58] and Pellegrini et al [25] focused on micro wind generation system and Tapia et al [39] considered micro hydropower with respect to the microgeneration alternatives.…”

An Integrated Decision-Making Approach Based on Pythagorean Fuzzy Sets to analyze the wearable app issues

“…The incorporation of fuzzy logic into the DEMATEL methodology accounts for the hazy and imprecise information that is inherently associated with human judgements. The problem of wearable apps is investigated using the Pythagorean fuzzy-DEMATEL methodology in this particular piece of research [32]. A number of different industries, including management, information technology, and manufacturing, have all made use of the combination of Pythagorean fuzzy DEMATEL [33].…”

Application of M-SWARA and TOPSIS Methods in the Evaluation of Investment Alternatives of Microgeneration Energy Technologies

“…The TOPSIS method also has some benefits over similar techniques. For instance, in some models, only the positive ideal solution is considered [24,25]. However, the TOPSIS method also uses negative ideal solutions, contributing to more accurate results [26].…”