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

  • Alena Kocmanová
  • Marie Dočekalová
  • Jiří Luňáček
Part of the IFIP Advances in Information and Communication Technology book series (IFIPAICT, volume 413)

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 

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Copyright information

© IFIP International Federation for Information Processing 2013

Authors and Affiliations

  • Alena Kocmanová
    • 1
  • Marie Dočekalová
    • 1
  • Jiří Luňáček
    • 1
  1. 1.Faculty of Business and ManagementBrno University of TechnologyBrnoCzech Republic

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