Multi-Criteria Decision Making Model for Analysis Hydrogen Production for Economic Feasibility and Sustainable Energy

Abstract

Hydrogen production is pivotal to achieving economic feasibility and sustainable energy systems. This study provides an overview of the criteria for the economic feasibility of hydrogen production and sustainable energy, highlighting the key factors contributing to its viability. Factors such as cost-effectiveness, energy efficiency, carbon emissions, feedstock availability and sustainability, scalability, infrastructure compatibility, water usage, life cycle assessment, technological readiness, and policy support are discussed. By considering these criteria, hydrogen production methods can be evaluated and optimized to ensure economic viability and contribute to the development of sustainable energy systems. We used the multi-criteria decision-making (MCDM) model for various criteria and factors. We used the MULTIMOORA method as an MCDM model to analyse the hydrogen production criteria and select the best alternatives. We compute the weights of criteria using the average method. Then, we used the MULTIMOORA method to rank the other options. The results show that cost-effectiveness has the highest weight, followed by energy efficiency, and the policy criterion has the lowest weight. Then, we used the sensitivity analysis to ensure the stability of the results.