A Multi-Criteria Decision Making based Solution to Greening Strategies through VUCA Analysis for EFB Batteries


Özusta Ö., Yılmaz Kaya B.

3rd International Conference on Applied Engineering and Natural Sciences, Konya, Türkiye, 20 - 23 Temmuz 2022, ss.2267-2274

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Basıldığı Şehir: Konya
  • Basıldığı Ülke: Türkiye
  • Sayfa Sayıları: ss.2267-2274
  • Gazi Üniversitesi Adresli: Evet

Özet

Throughout the industrial revolutions, use of fossil fuels became widespread notwithstandingthe disruptive impact on environment most renowned one as global warming. As the popular verdict,organizations tend towards renewable or with lesser CO 2 emission energy sources, whereas, micro-mobility-based solutions or electric vehicles seemed at the forefront of this trend in individual dimensions.Enhanced Flooded Batteries (EFBs), which were designed to be used in both conventional fuel poweredand electric vehicles, are more environmentally friendly and has a longer service life than traditional leadbatteries, addressing EFBs as an efficient greening tool for current practices. In this study, EFB market andinfluencing factors were scrutinized, furthermore, the instability and incalculability of the decision problemwere contemplated through VUCA analysis, which is us ed to describe the current and future structuresregarding the volatility (V), uncertainty (U), complexity (C) and ambiguity (A) echelons. A real-worldapplication considering the local and global markets was performed regarding the leading Turkish batterycompany, where, risks were prioritized with Entropy multi-criteria decision making method consideringthe VUCA environment in terms of delineated influencing factors, to be able to best reflect the impact ofsystem determinants existing both in internal and ex ternal contextures into the outcomes. As a result,number of patents was found to be the most important criterion in the criteria set, where, number ofexport locations was found to be the least important criterion. Also, the VUCA risk having the highestimpact on criteria among the identified risk set was found to be "Technology - Digitalization" and theVUCA risk having the lowest effect on the decision solution was found to be "Prices". Furtherinvestigations of the results and some directions for future studies were also presented. Throughout the industrial revolutions, use of fossil fuels became widespread notwithstanding the disruptive impact on environment most renowned one as global warming. As the popular verdict, organizations tend towards renewable or with lesser CO2 emission energy sources, whereas, micro-mobility-based solutions or electric vehicles seemed at the forefront of this trend in individual dimensions. Enhanced Flooded Batteries (EFBs), which were designed to be used in both conventional fuel powered and electric vehicles, are more environmentally friendly and has a longer service life than traditional lead batteries, addressing EFBs as an efficient greening tool for current practices. In this study, EFB market and influencing factors were scrutinized, furthermore, the instability and incalculability of the decision problem were contemplated through VUCA analysis, which is used to describe the current and future structures regarding the volatility (V), uncertainty (U), complexity (C) and ambiguity (A) echelons. A real-world application considering the local and global markets was performed regarding the leading Turkish battery company, where, risks were prioritized with Entropy multi-criteria decision making method considering the VUCA environment in terms of delineated influencing factors, to be able to best reflect the impact of system determinants existing both in internal and external contextures into the outcomes. As a result, "number of patents" was found to be the most important criterion in the criteria set, where, "number of export locations" was found to be the least important criterion. Also, the VUCA risk having the highest impact on criteria among the identified risk set was found to be "Technology-Digitalization" and the VUCA risk having the lowest effect on the decision solution was found to be "Prices". Further investigations of the results and some directions for future studies were also presented.