Multicriteria decision support for integral evaluation of investments-Case study: Metallic surface cleaning systems

Multicriteria decision support for integral evaluation of investments-Case study: Metallic surface cleaning systems

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Article ID: iaor19972377
Country: Germany
Volume: 8
Issue: 1
Start Page Number: 55
End Page Number: 79
Publication Date: Jan 1997
Journal: Journal of Planning
Authors: , ,
Keywords: investment
Abstract:

The assessment of production processes under ecological, technical and economic aspects requires specific methods. Material and energy balances are the precondition of eco-balancing or Life Cycle Assessment (LCA), but not all LACA-methods are suitable for preparing an investment decision in its entirety, as an analysis in this paper shows. For an evaluation of the alternative investments combining techno-economic optimisation with economic indicators, the concepts of Multi Criteria Decision Making are suitable. The Utility Value Theorie and the Outranking-Method PROMETHEE are compared with regard to their ability to propose a ranking of the considered alternatives, suitable for eco-management and investment decisions.

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