Mathematical Institute of the Serbian Academy of Sciences and Arts
|Title:||Hybrid CRITIC-TOPSIS model for prioritizing digitally developed countries in the light of energy indicators||First page:||264||Last page:||277||Related Publication(s):||IMCSM Proceedings||Conference:||XVII International May Conference on Strategic Management – IMCSM22 May 28, 2022, Bor, Serbia||Issue Date:||2022||Rank:||M33||ISBN:||978-86-6305-129-4||URL:||https://drive.google.com/file/d/1wcrG5Hbo7AArG4BOUzopNfEIIM60H0Fh/view||Abstract:||
Digital progress of the society is associated with trends in energetic sector. The top
ten digitally developed European countries, according to the most recent ICT development
index report in 2017, were chosen as testing countries to conduct a deeper investigation on the
issue of energy production and consumption in the digital era. Data on (1, 2) coal and oil-fired
electricity generation, (3) share of GHG emissions from energy production, (4) final
electricity consumption in industry, (5) final electricity consumption in households, and (6)
energy intensity were included in the initial database. For determining criteria weights and
final ranking of alternatives, a hybrid CRITIC-TOPSIS MCDM model was utilized. The
CRITIC approach was used to calculate objective weights of criteria by employing standard
deviation to measure the contrast strength of each criterion. The findings highlight the
dominance of three criteria in comparison to others: energy intensity (wei = 0.200), share of
GHG emissions in total energy production (weGHG = 0.198), and ultimate energy consumption
in households (wfch = 0.194). The TOPSIS approach was used to complete the final ranking.
Switzerland, Luxembourg, and Sweden were ranked first, second, and third, respectively, in
terms of advanced digitalization performance and awareness of the need of providing green
energy for economic activity.
|Keywords:||energy | digitalization | multi-criteria decision-making | CRITIC-TOPSIS||Publisher:||Technical faculty in Bor|
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