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Ranking projects for an electricity utility using ELECTRE III

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Date
2007
Dewey
Recherche opérationnelle
Sujet
problem structuring; project selection; decision support
Journal issue
International Transactions in Operational Research
Volume
14
Number
4
Publication date
2007
Article pages
309-323
Publisher
Pergamon
DOI
http://dx.doi.org/10.1111/j.1475-3995.2007.00589.x
URI
https://basepub.dauphine.fr/handle/123456789/2648
Collections
  • LAMSADE : Publications
Metadata
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Author
Buchanan, John
Vanderpooten, Daniel
Type
Article accepté pour publication ou publié
Abstract (EN)
Ranking and selecting projects is a common yet often difficult task with typically more than one dimension for measuring project impacts and more than one decision maker. We describe a project selection methodology developed and used since 1998 for Mighty River Power, a New Zealand electricity generator, which incorporates the ELECTRE III decision support tool. Although several other multiple criteria approaches could have been used, features of ELECTRE III such as outranking, and indifference and preference thresholds were well received by our decision makers. More than the use of a specific decision support tool, we focus particularly on the successful implementation of a simple, structured multicriteria methodology for a yearly project selection exercise and document this over 8 years in a changing managerial context.

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