Document Type : Research Paper
Authors
1 School of Business Administration, Faculty of Business Administration, Southwestern University of Finance and Economics, Chengdu 611130, China
2 School of Digital Media Engineering and Humanities, Hunan University of Technology and Business, Changsha 410205, China
3 School of Business, Istanbul Medipol University, Istanbul, Turkey
4 Department of Economics and Management, Khazar University, Baku, Azerbaijan
5 Clinic of Economics, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan
6 DepartmenClinic of Economics, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijant
7 IMU Vocational School, Istanbul Medipol University, Istanbul, Turkey
Abstract
The performance of transparent solar panel projects is affected by both technological and environmental and economic
factors. However, the most important items should be identified for the efficient use of limited resources and effective
risk management. There are few studies in the literature determining these factors. Because of this situation, businesses
cannot direct their resources correctly and cannot create an effective strategy. A molecular fuzzy decision-making system
is created to determine the most successful alternative investment policies for these projects to satisfy this gap in the
literature. Various techniques are integrated in this model to reach the most effective solutions, such as molecular
fuzzy sets to handle uncertainties, q-learning algorithm to weight experts, least square optimization (LSO) to calculate
criteria weights and multi-objective particle swarm optimization (MOPSO) to rank investment strategies. The main
contribution of this study is proposing an innovative molecular fuzzy decision-making model that manages uncertainties
more effectively to select the most appropriate investment strategies for transparent solar panel investments. Considering
molecular fuzzy sets allows for more accurate modelling of uncertainties and subjective evaluations. The results show
that the most critical investment criterion for transparent solar panel investments is the regional solar radiation level.
Keywords
region up to 2030–2050 using convolutional neural networks (CNN), Cleaner Energy Systems, 10 (2025),
100167. https://doi.org/10.1016/j.cles.2024.100167
photovoltaic installation on the apartment building fa¸cade in Jordan, Archnet-IJAR, 2025. https://doi.org/10.
1108/ARCH-02-2024-0038
and tracking solar panels for the Mediterranean region, Turkey Indian Journal of Physics, 98 (2024), 1187-1200.
https://doi.org/10.1007/s12648-023-02894-7
spherical and hemispherical photovoltaic configurations, Energy Science and Engineering, 12(5) (2024), 1888-1901.
https://doi.org/10.1002/ese3.1717
perspectives on solar energy adoption in Mexico, Renewable and Sustainable Energy Reviews, 212 (2025), 115410.
https://doi.org/10.1016/j.rser.2025.115410
fossil fuels and implications for renewable energy systems, Natural Energy, 9 (2024), 803-816. https://doi.org/
10.1038/s41560-024-01518-6
networks for solar radiation forecasting in photovoltaic systems in Arab countries, Neural Computing and Applic,
(2025). https://doi.org/10.1007/s00521-025-11066-z
Energy for Sustainable Development, 85 (2025), 101605. https://doi.org/10.1016/j.esd.2024.101605
and innovation dynamics in the Swiss building sector, Buildings, 14(6) (2024), 1510. https://doi.org/10.3390/
buildings14061510
of photovoltaics in buildings, Energy and Buildings, 323 (2024), 114737. https://doi.org/10.1016/j.enbuild.
2024.114737
Hessler-Wyser, U. Desai, et al., Colouring solutions for building integrated photovoltaic modules: A review, Energy
and Building, 314 (2024), 114253. https://doi.org/10.1016/j.enbuild.2024.114253
least square optimization, IETE Journal of Research, (2025), 1-13. https://doi.org/10.1080/03772063.2025.
2469642
network expansion, Iscience, 27(3) (2024). https://doi.org/10.1016/j.isci.2024.109290
multi-objective particle swarm optimization with molecular fuzzy-based decision-making for corporate environmental
investments, Information Sciences, 698 (2025), 121757. https://doi.org/10.1016/j.ins.2024.121757
Processes, 13(2) (2025), 480. https://doi.org/10.3390/pr13020480
dual axis IoT-based off-grid solar tracking system and Wheatstone bridge on efficient energy harvesting and management, Journal of Engineering Research and Reports, 26(3) (2024), 125-136. https://doi.org/10.9734/jerr/
2024/v26i31099
irradiance forecasting: A preliminary study in Limassol, 2024 3rd International Conference on Energy Transition
in the Mediterranean Area (SyNERGY MED), Limassol, Cyprus, 2024, 1-5, 10.1109/SyNERGYMED62435.2024.
10799286
(2024), 5328. https://doi.org/10.3390/en17215328
systems through a comparative study of battery storage systems, Scientific Reports, 15 (2024), 2213.
https://doi.org/10.1038/s41598-025-85418-z
innovative new hybrid semi-transparent photovoltaic solar panel integrated with tubular thermoelectric generators,
Applied Energy, 384 (2025), 125464. https://doi.org/10.1016/j.apenergy.2025.125464
Innovations in health economics, social policy, and management, Heliyon, 10(13) (2024), e33186. https://doi.
org/10.1016/j.heliyon.2024.e33186
systems: An in-depth review of technologies, performance metrics, and future trends, Solar Energy, 282 (2024),
112946. https://doi.org/10.1016/j.solener.2024.112946
challenges, and future directions: A review, Energy Reports, 12 (2024), 3566-3583. https://doi.org/10.1016/j.
egyr.2024.09.038
graph neural networks: Implications for net-zero energy buildings in New York City, Sustainable Cities and Society,
120 (2025), 106133. https://doi.org/10.1016/j.scs.2025.106133
photovoltaics: Present challenges and future development, Nano-Micro Letters, 17(1) (2025), 49. https://doi.org/
10.1007/s40820-024-01547-6
provide a strong potential for self-sustainable food production in forward-looking greenhouse farming architectures,
Cleaner Engineering and Technology, (2025), 100895. https://doi.org/10.1016/j.clet.2025.100895
nearly zero energy consumption, Journal of Building Engineering, 84 (2024), 108552. https://doi.org/10.1016/
j.jobe.2024.108552
Kazakhstan, Energy, (2025), 135205. https://doi.org/10.1016/j.energy.2025.135205
R. Tovar-G´alvez, Solar PV technologies selection for the design of photovoltaic installations in Mexico based on the
analysis of meteorological satellite data from the region, Atm´osfera, 38 (2024). https://doi.org/10.20937/atm.
53282
climatic regions: A case study of T¨urkiye, Renewable Energy, 232 (2024), 121029. https://doi.org/10.1016/j.
renene.2024.121029
G. B. da Silva, A comparative analysis of thermosolar and photovoltaic systems for meeting residential hot water
demands, Renewable Energy, (2025), 122652. https://doi.org/10.1016/j.renene.2025.122652
Compass, 10 (2024), 100070. https://doi.org/10.1016/j.solcom.2024.100070
(2025), 890. https://doi.org/10.3390/en18040890
photovoltaic-battery hybrid systems in Canada, Renewable Energy, 242 (2025), 22456. https://doi.org/10.1016/
j.renene.2025.122456
regions, Energy Policy, 196 (2025), 114414. https://doi.org/10.1016/j.enpol.2024.114414
on renewable energy performance, Renewable Energy, 245 (2025), 122799. https://doi.org/10.1016/j.renene.
2025.122799
in citizen-financed photovoltaic projects, Energy Research and Social Science, 119 (2025), 103856. https://doi.
org/10.1016/j.erss.2024.103856
rooftop solar power systems: A choice experiment study in Vietnam, Renewable and Sustainable Energy Reviews,
208 (2025), 115067. https://doi.org/10.1016/j.rser.2024.115067
for assessing rooftop solar photovoltaic potential using GIS open-source software and the EROI constraint, Energy
and Buildings, (2025), 115401. https://doi.org/10.1016/j.enbuild.2025.115401
role of health and education in shaping labor force participation and economic growth, Economies, 12(5) (2024), 113.
https://doi.org/10.3390/economies12050113
for sustainable development and the environment, Environ Dev Sustain, (2024). https://doi.org/10.1007/
s10668-024-05837-2
intelligence based solution, Transportation Research Part d: Transport and Environment, 136 (2024), 104406.
https://doi.org/10.1016/j.trd.2024.104406
rate structure design, Energy Policy, 190 (2024), 114159. https://doi.org/10.1016/j.enpol.2024.114159
photovoltaic/thermal hybrid system for year-round energy saving in buildings, Energy, 304 (2024), 132178. https:
//doi.org/10.1016/j.energy.2024.132178
learning model; improving hydrogen production through Photoelectrochemical device, Applied Energy, 382 (2025),
125280. https://doi.org/10.1016/j.apenergy.2025.125280
crystalline silicon photovoltaic system integrated with factory building roofs based on actual electricity load and cost
conditions, Energy and Buildings, 330 (2025), 115358. https://doi.org/10.1016/j.enbuild.2025.115358
Energy gain, energy cost, energy payback and energy return, Energy and Built Environment, (2024). https://doi.
org/10.1016/j.enbenv.2024.12.001
windows, Case Studies in Thermal Engineering, 66 (2025), 105736. https://doi.org/10.1016/j.csite.2024.
105736