Publication detail

PROMETHEE-GAIA Method as a Support of the Decision-Making Process in Evaluating Technical Facilities

KOCMANOVÁ, A. DOČEKALOVÁ, M. LUŇÁČEK, J.

Original Title

PROMETHEE-GAIA Method as a Support of the Decision-Making Process in Evaluating Technical Facilities

Type

conference paper

Language

English

Original Abstract

This paper describes the application of PROMETHEE-GAIA methodology in a multiple criteria analysis to rank potential environmental investments in mineral-processing companies. The intent of the paper is to identify best technical facilities on the basis of preferential relations between a set of variants. The method of Total Cost Analysis (TCA) was chosen to define the criteria. The economic and environmental costs, as well as the benefits of these technical facilities, were determined by means of this method. PROMETHEE is one of the methods in the Multi Criteria Analysis (MCA) category. The MCA, as the name implies, deals with the evaluation of a number of variants by several criteria. The technical facility was selected by a comparative analysis involving five influential parameters (Investment Costs, Annual Operating Costs, Operating Income, Administrative Costs and Disposal Fees, Economic and Environmental Benefits). As expected, the analysis resulted in a preferential ranking of these technical facilities.

Keywords

total cost analysis, multicriteria analysis, PROMETHEE, environmental technology, technical facilities.

Authors

KOCMANOVÁ, A.; DOČEKALOVÁ, M.; LUŇÁČEK, J.

RIV year

2013

Released

9. 11. 2013

Publisher

International Business Information Management Association (IBIMA)

Location

Vienna, Austria

ISBN

978-0-9860419-0-7

Book

Vision 2020: Innovation, Development Sustainability, and Economic Growth

Pages from

44

Pages to

53

Pages count

9

BibTex

@inproceedings{BUT101965,
  author="Alena {Kocmanová} and Marie {Pavláková Dočekalová} and Jiří {Luňáček}",
  title="PROMETHEE-GAIA Method as a Support of the Decision-Making Process in Evaluating Technical Facilities",
  booktitle="Vision 2020: Innovation, Development Sustainability, and Economic Growth",
  year="2013",
  pages="44--53",
  publisher="International Business Information Management Association (IBIMA)",
  address="Vienna, Austria",
  isbn="978-0-9860419-0-7"
}