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Analytic hierarchy process helps evaluate project in Indian oil pipelines industry

Analytic hierarchy process helps evaluate project in Indian oil pipelines industry Conventionally, oil pipeline projects are evaluated thoroughly by the owner before investment decision is made using market, technical and financial analysis sequentially. The market analysis determines pipelines throughput and supply and demand points. Subsequent, technical analysis identifies technological options and economic and financial analysis then derives the least cost option among all technically feasible options. The subsequent impact assessment tries to justify the selected option by addressing environmental and social issues. The impact assessment often suggests alternative sites, technologies, and/or implementation methodology, necessitating revision of technical and financial analysis. This study addresses these issues via an integrated project evaluation and selection model. The model uses analytic hierarchy process, a multiple‐attribute decision‐making technique. The effectiveness of the model has been demonstrated through a case application on cross‐country petroleum pipeline project in India. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Operations & Production Management Emerald Publishing

Analytic hierarchy process helps evaluate project in Indian oil pipelines industry

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0144-3577
DOI
10.1108/01443570410538122
Publisher site
See Article on Publisher Site

Abstract

Conventionally, oil pipeline projects are evaluated thoroughly by the owner before investment decision is made using market, technical and financial analysis sequentially. The market analysis determines pipelines throughput and supply and demand points. Subsequent, technical analysis identifies technological options and economic and financial analysis then derives the least cost option among all technically feasible options. The subsequent impact assessment tries to justify the selected option by addressing environmental and social issues. The impact assessment often suggests alternative sites, technologies, and/or implementation methodology, necessitating revision of technical and financial analysis. This study addresses these issues via an integrated project evaluation and selection model. The model uses analytic hierarchy process, a multiple‐attribute decision‐making technique. The effectiveness of the model has been demonstrated through a case application on cross‐country petroleum pipeline project in India.

Journal

International Journal of Operations & Production ManagementEmerald Publishing

Published: Jun 1, 2004

Keywords: Analytical hierarchy process; Petroleum; Pipelines; India

References