IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v334y2025ics0360544225034619.html

Investment risk assessment of wind turbine blade pyrolysis project based on improved weighted hesitant fuzzy set and aggregation operator

Author

Listed:
  • Wu, Yang-wen
  • Dong, Yao
  • Wang, Han-wen
  • Chen, Xiao-li
  • Li, Ji-hong
  • Lu, Qiang

Abstract

Pyrolysis is considered as a potential method for the treatment of disused wind turbine blades. However, existing relevant researches mainly focus on the laboratory-scale experimental studies and technology development, neglecting risk assessment for wind turbine blade pyrolysis (WTBP) projects using Multi-criteria Decision-making (MCDM) methods. Herein, this paper presents a novel investment risk assessment framework for WTBP based on improved Weighted Hesitant Fuzzy Sets (WHFSs). A new aggregation operator is proposed that enhances stability and reduces computational complexity, making it more suitable for the uncertain and complex nature of WTBP projects risk information. Firstly, a comprehensive criteria system conforming to the characteristics of WTBP was established from multiple aspects. Secondly, to solve the intermittent failure of the existing score function, a more stable score function of the WHFEs was proposed to describe the criteria's information. Thirdly, we applied the DEMATEL method in an adapted way to capture the influence structure among expert judgments, rather than interpersonal relationships. Although DEMATEL is typically used to analyze relationships between evaluation criteria, this study applies DEMATEL to construct an influence matrix reflecting how the expert judgments shape the overall evaluation. This adaptation acknowledges that in complex, multi-expert contexts such as WTBP projects evaluation, expert judgments may not be entirely independent. Fourthly, the aggregation operator was used to obtain the risk value of the project. Finally, taking Shandong Province of China as an example, the reliability of the framework was verified.

Suggested Citation

  • Wu, Yang-wen & Dong, Yao & Wang, Han-wen & Chen, Xiao-li & Li, Ji-hong & Lu, Qiang, 2025. "Investment risk assessment of wind turbine blade pyrolysis project based on improved weighted hesitant fuzzy set and aggregation operator," Energy, Elsevier, vol. 334(C).
    • Handle: RePEc:eee:energy:v:334:y:2025:i:c:s0360544225034619
    DOI: 10.1016/j.energy.2025.137819
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544225034619
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2025.137819?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Kuan, Yong-Hao & Wu, Fang-Hsien & Chen, Guan-Bang & Lin, Hsien-Tsung & Lin, Ta-Hui, 2020. "Study of the combustion characteristics of sewage sludge pyrolysis oil, heavy fuel oil, and their blends," Energy, Elsevier, vol. 201(C).
    2. Huchang Liao & Zeshui Xu & Meimei Xia, 2014. "Multiplicative Consistency Of Hesitant Fuzzy Preference Relation And Its Application In Group Decision Making," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 47-76.
    3. Qinghua Mao & Mengxin Guo & Jian Lv & Jinjin Chen & Pengzhen Xie & Meng Li, 2022. "A Risk Assessment Framework of Hybrid Offshore Wind–Solar PV Power Plants under a Probabilistic Linguistic Environment," Sustainability, MDPI, vol. 14(7), pages 1-29, April.
    4. Gao, Jianwei & Guo, Fengjia & Li, Xiangzhen & Huang, Xin & Men, Huijuan, 2021. "Risk assessment of offshore photovoltaic projects under probabilistic linguistic environment," Renewable Energy, Elsevier, vol. 163(C), pages 172-187.
    5. Yang, Shi-guan & Zhou, Jia-le & Hu, Zhuang & Zhou, Xin-yue & Cai, Qi & Xie, Jin-heng & Wu, Yang-wen & Lu, Qiang, 2023. "Site selection decision framework for biomass pyrolysis project based on a mixed method under probabilistic linguistic environment and low carbon perspective: A case study in China," Energy, Elsevier, vol. 272(C).
    6. Sheng-Li Si & Xiao-Yue You & Hu-Chen Liu & Ping Zhang, 2018. "DEMATEL Technique: A Systematic Review of the State-of-the-Art Literature on Methodologies and Applications," Mathematical Problems in Engineering, Hindawi, vol. 2018, pages 1-33, January.
    7. Yin, Yu & Liu, Jicheng, 2022. "Risk assessment of photovoltaic - Energy storage utilization project based on improved Cloud-TODIM in China," Energy, Elsevier, vol. 253(C).
    8. Ebbe Bagge Paulsen & Peter Enevoldsen, 2021. "A Multidisciplinary Review of Recycling Methods for End-of-Life Wind Turbine Blades," Energies, MDPI, vol. 14(14), pages 1-13, July.
    9. Mahdavi, Meisam & Awaafo, Augustine & Jurado, Francisco & Vera, David & Verdú Ramos, Ricardo Alan, 2023. "Wind, solar and biogas power generation in water-stressed areas of Morocco considering water and biomass availability constraints and carbon emission limits," Energy, Elsevier, vol. 282(C).
    10. Yaqiong Zhang & Nan He & Yijing Li & Yiyang Chen & Lei Wang & Yunlong Ran & Baogui Xin, 2021. "Risk Assessment of Water Environment Treatment PPP Projects Based on a Cloud Model," Discrete Dynamics in Nature and Society, Hindawi, vol. 2021, pages 1-15, November.
    11. Luo, Chao & Ju, Yanbing & Santibanez Gonzalez, Ernesto D.R. & Dong, Peiwu & Wang, Aihua, 2020. "The waste-to-energy incineration plant site selection based on hesitant fuzzy linguistic Best-Worst method ANP and double parameters TOPSIS approach: A case study in China," Energy, Elsevier, vol. 211(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Song, Chenchen & Guo, Zhiling & Liu, Zhengguang & Hongyun, Zhang & Liu, Ran & Zhang, Haoran, 2024. "Application of photovoltaics on different types of land in China: Opportunities, status and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    2. Qinghua Mao & Guihan Dong & Yang Xiao & Hao Wu & Yaqing Gao & Jiacheng Fan, 2025. "Risk Assessment of Microalgae Carbon Sequestration Projects Under Hesitant Fuzzy Linguistic Environment," Sustainability, MDPI, vol. 17(16), pages 1-26, August.
    3. Priom Mahmud & Sanjoy Kumar Paul & Abdullahil Azeem & Priyabrata Chowdhury, 2021. "Evaluating Supply Chain Collaboration Barriers in Small- and Medium-Sized Enterprises," Sustainability, MDPI, vol. 13(13), pages 1-28, July.
    4. Lin, Sheng-Hau & Zhao, Xiaofeng & Wu, Jiuxing & Liang, Fachao & Li, Jia-Hsuan & Lai, Ren-Ji & Hsieh, Jing-Chzi & Tzeng, Gwo-Hshiung, 2021. "An evaluation framework for developing green infrastructure by using a new hybrid multiple attribute decision-making model for promoting environmental sustainability," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    5. Sumit Maheshwari & Chandra K. Jaggi & Prerna Gautam, 2026. "A state-of-the-art review of green supply chain management: observations and business insights," Annals of Operations Research, Springer, vol. 358(1), pages 193-273, March.
    6. Changping Zhao & Juanjuan Sun & Yun Zhang, 2022. "A Study of the Drivers of Decarbonization in the Plastics Supply Chain in the Post-COVID-19 Era," Sustainability, MDPI, vol. 14(23), pages 1-20, November.
    7. Hossein Yousefi & Saheb Ghanbari Motlagh & Mohammad Montazeri, 2022. "Multi-Criteria Decision-Making System for Wind Farm Site-Selection Using Geographic Information System (GIS): Case Study of Semnan Province, Iran," Sustainability, MDPI, vol. 14(13), pages 1-27, June.
    8. Mahmood Safaei & Elankovan A. Sundararajan & Shahla Asadi & Mehrbakhsh Nilashi & Mohd Juzaiddin Ab Aziz & M. S. Saravanan & Maha Abdelhaq & Raed Alsaqour, 2022. "A Hybrid MCDM Approach Based on Fuzzy-Logic and DEMATEL to Evaluate Adult Obesity," IJERPH, MDPI, vol. 19(23), pages 1-21, November.
    9. Varvara S. Orfanidou & Dimitrios J. Dimitriou & Nikolaos P. Rachaniotis & Giannis T. Tsoulfas, 2024. "Critical Factors for Green Public Procurement: The Case of Greece," Logistics, MDPI, vol. 8(4), pages 1-19, December.
    10. Zhou, Jianli & Chen, Zhuohao & Wu, Shuxian & Yang, Cheng & Wang, Yaqi & Wu, Yunna, 2024. "Potential assessment and development obstacle analysis of CCUS layout in China: A combined interpretive model based on GIS-DEMATEL-ISM," Energy, Elsevier, vol. 310(C).
    11. Jia Liu & Yansheng Wang & Cunbao Deng & Zhixin Jin & Gaolei Wang & Chen Yang & Xiaoyu Li, 2023. "Research on safety supervision and management system of China railway based on association rule and DEMATEL," PLOS ONE, Public Library of Science, vol. 18(12), pages 1-22, December.
    12. Sun, Bo & Fan, Boyang & Zhang, Yifan & Xie, Jingdong, 2023. "Investment decisions and strategies of China's energy storage technology under policy uncertainty: A real options approach," Energy, Elsevier, vol. 278(PA).
    13. Chao Liu & Qichen Liao & Wenyan Gao & Shuxian Li & Peng Jiang & Ding Li, 2024. "Intellectual Capital Evaluation Index Based on a Hybrid Multi-Criteria Decision-Making Technique," Mathematics, MDPI, vol. 12(9), pages 1-29, April.
    14. Zheng, Xiaoting & Wen, Jiayu & Wu, Xun, 2026. "Government linked companies (GLCs) and public private partnership (PPP) in the water sector in China: Political connection, utility performance and service quality," China Economic Review, Elsevier, vol. 96(C).
    15. Dong, Fugui & Wang, Peijun & Li, Wanying, 2025. "Investment suitability assessment and multi-attribute decision-making research for wind-photovoltaic‑hydrogen-storage integrated project based on GIS and cloud weighted power Heronian mean operator," Applied Energy, Elsevier, vol. 401(PC).
    16. Omer Bafail & Mohammed Alamoudi, 2024. "Investigation and Analysis of Interrelationships Among Safety Managerial Aspects Affecting Safety Climate Using Decision-Making Trial and Evaluation Laboratory Approach," Sustainability, MDPI, vol. 16(24), pages 1-22, December.
    17. Wang, Qun & Jia, Guozhu & Song, Wenyan, 2022. "Identifying critical factors in systems with interrelated components: A method considering heterogeneous influence and strength attenuation," European Journal of Operational Research, Elsevier, vol. 303(1), pages 456-470.
    18. Lin, Sheng-Hau & Huang, Xianjin & Fu, Guole & Chen, Jia-Tsong & Zhao, Xiaofeng & Li, Jia-Hsuan & Tzeng, Gwo-Hshiung, 2021. "Evaluating the sustainability of urban renewal projects based on a model of hybrid multiple-attribute decision-making," Land Use Policy, Elsevier, vol. 108(C).
    19. Tsai, Pei-Hsuan & Kao, Ya-Ling & Kuo, Szu-Yu, 2023. "Exploring the critical factors influencing the outlying island talent recruitment and selection evaluation model: Empirical evidence from Penghu, Taiwan," Evaluation and Program Planning, Elsevier, vol. 99(C).
    20. Haidong Guo & Xingshan Gao & Qiangqiang Lin & Baosheng Gao, 2023. "Assessing the Degradation of Safety Management Performance in Large Construction Projects: An Investigation and Decision Model Based on Complex Network Modeling," Sustainability, MDPI, vol. 15(16), pages 1-26, August.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:334:y:2025:i:c:s0360544225034619. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.