Farzaneh Shoushtari - Alumni of Industrial Engineering, Bu-Ali Sina University, Hamedan, Iran
Chang Li - Faculty of Computer Science and Information System, Universiti Teknologi MARA (UiTM), Malaysia

The demand for energy storage systems, particularly lithium-ion batteries, has significantly increased due to their widespread use in various applications such as electric vehicles, renewable energy integration, and portable electronics. However, uncertainties surrounding lithium-ion batteries, including factors like price volatility, supply chain disruptions, and safety concerns, pose challenges to their feasibility. This paper aims to conduct a comprehensive feasibility study to assess the viability of lithium-ion batteries in uncertain situations. Through an investigation of the current literature, a methodology is proposed to evaluate the feasibility, followed by numerical results that highlight the potential advantages and disadvantages of utilizing lithium-ion batteries in uncertain scenarios. Finally, conclusions are drawn, providing insights into the practicality of lithium-ion batteries and suggesting avenues for further research.The demand for energy storage systems, particularly lithium-ion batteries, has significantly increased due to their widespread use in various applications such as electric vehicles, renewable energy integration, and portable electronics. However, uncertainties surrounding lithium-ion batteries, including factors like price volatility, supply chain disruptions, and safety concerns, pose challenges to their feasibility. This paper aims to conduct a comprehensive feasibility study to assess the viability of lithium-ion batteries in uncertain situations. Through an investigation of the current literature, a methodology is proposed to evaluate the feasibility, followed by numerical results that highlight the potential advantages and disadvantages of utilizing lithium-ion batteries in uncertain scenarios. Finally, conclusions are drawn, providing insights into the practicality of lithium-ion batteries and suggesting avenues for further research.

Lithium-Ion Battery, Feasibility Study, Production, Uncertainty Situation