Waste management project's alternatives: A risk-based multi-criteria assessment (RBMCA) approach

Karmperis, AC; Sotirchos, A; Aravossis, K; Tatsiopoulos, IP

dc.contributor.author	Karmperis, AC	en
dc.contributor.author	Sotirchos, A	en
dc.contributor.author	Aravossis, K	en
dc.contributor.author	Tatsiopoulos, IP	en
dc.date.accessioned	2014-03-01T01:37:37Z
dc.date.available	2014-03-01T01:37:37Z
dc.date.issued	2012	en
dc.identifier.issn	0956-053X	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/21575
dc.subject	Benefit-cost	en
dc.subject	Monte Carlo simulation	en
dc.subject	Multi-criteria assessment	en
dc.subject	Project's alternatives	en
dc.subject	Risk preference	en
dc.subject	Waste management projects	en
dc.subject.classification	Engineering, Environmental	en
dc.subject.classification	Environmental Sciences	en
dc.subject.other	Benefit-cost	en
dc.subject.other	Monte Carlo simulation	en
dc.subject.other	Multi-criteria assessment	en
dc.subject.other	Project's alternatives	en
dc.subject.other	Risk preference	en
dc.subject.other	Waste management projects	en
dc.subject.other	Computer simulation	en
dc.subject.other	Cost benefit analysis	en
dc.subject.other	Decision making	en
dc.subject.other	Distribution functions	en
dc.subject.other	Incineration	en
dc.subject.other	Monte Carlo methods	en
dc.subject.other	Probability distributions	en
dc.subject.other	Rating	en
dc.subject.other	Risk analysis	en
dc.subject.other	Risk assessment	en
dc.subject.other	Waste incineration	en
dc.subject.other	Waste management	en
dc.subject.other	computer simulation	en
dc.subject.other	incineration	en
dc.subject.other	Monte Carlo analysis	en
dc.subject.other	multicriteria analysis	en
dc.subject.other	project management	en
dc.subject.other	risk assessment	en
dc.subject.other	waste management	en
dc.subject.other	analytic method	en
dc.subject.other	article	en
dc.subject.other	cost benefit analysis	en
dc.subject.other	decision making	en
dc.subject.other	incineration	en
dc.subject.other	Monte Carlo method	en
dc.subject.other	priority journal	en
dc.subject.other	probability	en
dc.subject.other	process optimization	en
dc.subject.other	quantitative analysis	en
dc.subject.other	risk assessment	en
dc.subject.other	risk based multi criteria assessment approach	en
dc.subject.other	socioeconomics	en
dc.subject.other	waste management	en
dc.subject.other	Cost-Benefit Analysis	en
dc.subject.other	Decision Support Techniques	en
dc.subject.other	Monte Carlo Method	en
dc.subject.other	Risk Assessment	en
dc.subject.other	Waste Management	en
dc.title	Waste management project's alternatives: A risk-based multi-criteria assessment (RBMCA) approach	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.wasman.2011.09.001	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.wasman.2011.09.001	en
heal.language	English	en
heal.publicationDate	2012	en
heal.abstract	This paper examines the evaluation of a waste management project's alternatives through a quantitative risk analysis. Cost benefit analysis is a widely used method, in which the investments are mainly assessed through the calculation of their evaluation indicators, namely benefit/cost (B/C) ratios, as well as the quantification of their financial, technical, environmental and social risks. Herein, a novel approach in the form of risk-based multi-criteria assessment (RBMCA) is introduced, which can be used by decision makers, in order to select the optimum alternative of a waste management project. Specifically, decision makers use multiple criteria, which are based on the cumulative probability distribution functions of the alternatives' B/C ratios. The RBMCA system is used for the evaluation of a waste incineration project's alternatives, where the correlation between the criteria weight values and the decision makers' risk preferences is analyzed and useful conclusions are discussed. (C) 2011 Elsevier Ltd. All rights reserved,	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Waste Management	en
dc.identifier.doi	10.1016/j.wasman.2011.09.001	en
dc.identifier.isi	ISI:000297538200022	en
dc.identifier.volume	32	en
dc.identifier.issue	1	en
dc.identifier.spage	194	en
dc.identifier.epage	212	en