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Analysis of Innovation Drivers of New and Old Kinetic Energy Conversion Using a Hybrid Multiple-Criteria Decision-Making Model in the Post-COVID-19 Era: A Chinese Case.

Authors :
Tseng, Chun-Chieh
Zeng, Jun-Yi
Hsieh, Min-Liang
Hsu, Chih-Hung
Source :
Mathematics (2227-7390). Oct2022, Vol. 10 Issue 20, p3755-N.PAG. 25p.
Publication Year :
2022

Abstract

To overcome the continuous decline in its gross domestic product growth rate, China has advocated new and old kinetic energy conversion (NOKEC) as a policy for sustainable economic development in the post-COVID-19 era. The innovation drivers of NOKEC are the key to promoting sustainable economic development. However, the innovation drivers have various orientations, and their selection requires multiple-criteria decision-making (MCDM). This study proposes a modified Delphi method combined with the best–worst method (BWM) as a research framework for selecting and ranking innovation drivers. Our results show the validity of this integrated research framework on a case based in China in the post-COVID-19 era. The results reveal 21 innovation-driven factors of NOKEC with varying levels of relative importance. These results may provide a basis for policymakers and researchers with a useful further understanding of the importance and prioritizing of innovation drivers. In this study, BWM uses 4% fewer pairwise comparisons than AHP, and the consistency ratio is in the range of 0.00 to 0.24. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22277390
Volume :
10
Issue :
20
Database :
Academic Search Index
Journal :
Mathematics (2227-7390)
Publication Type :
Academic Journal
Accession number :
159914361
Full Text :
https://doi.org/10.3390/math10203755