Project ranking in the Armenian energy sector using a multicriteria method for groups

Project ranking in the Armenian energy sector using a multicriteria method for groups

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Article ID: iaor20033249
Country: Netherlands
Volume: 120
Issue: 1
Start Page Number: 135
End Page Number: 157
Publication Date: Apr 2003
Journal: Annals of Operations Research
Authors: , ,
Keywords: energy
Abstract:

Project ranking is a complex problem that is often faced by the decision makers involved in the planning process. The necessity to take into account several decision parameters apart from purely economic ones, such as socio-political, technical, institutional and environmental, lead to the use of multi-criteria methods instead of single uni-criterion ones. Moreover, most of the times such decisions are taken in a group environment. A hybrid of ELECTRE III and PROMETHEE methods, MURAME, has been specially developed and constitutes the main part of an integrated project ranking methodology for groups. The experience of the application of the methodology in the Armenian energy sector is presented.

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