Renewable Energy Optimization Review: Variables towards Competitive Advantage in Green Building Development

Abstract

A literature review is presented in the subject of optimization solution to solve renewable energy (RE) in the green building rating system (GBRS) to: delineate the variables in optimization; consider its significant contribution to the green innovation effort; and provides competitive advantage (CA) in green building development. The paper aims to close the gap in knowledge, by using the right methodologies in optimization as a mechanism to portray how research themes can be utilized for desired CA, and to suggest future analysis for research direction. A thematic review of RE optimization literature is undertaken for disaggregating variables towards potential CA consequences in green building development. The study has reconstructed variables in RE optimization towards appropriate CA where optimization is being identified as an antecedent of green innovation while CA as a consequence of green innovation. In this regard, green innovation would serve as a conceptual bridge between optimization approach towards gaining CA. These can be achieved since various RE optimization case studies have been presented and overcome with the improvement impact on the test system, in term of power loss reduction, increased efficiency and optimal cost outcome which also obtained as key variables for the end focus. A new framework comprises of RE optimization, green innovation, and CA is proposed and linked with some of the previous optimization reviews in recent literature