Publication

A systematic decision support framework and prioritization method for energy projects in industrial organisations

Contreras, Sergio
Finnerty, Noel
Sterling, Raymond
Coakley, Daniel
Keane, Marcus M.
Citation
Contreras, Sergio, Finnerty, Noel, Sterling, Raymond, Coakley, Daniel, & Keane, Marcus M. (2017). A systematic decision support framework and prioritization method for energy projects in industrial organisations Paper presented at the 10th International Conference on Sustainable Energy and Environmental Protection: Energy Management and Policies, Bled, Slovenia. DOI: 10.18690/978-961-286-051-6
Abstract
This paper describes a decision support framework to help industrial organisations make positive investment decisions on energy performance improvement projects. It is intended as a simple and repeatable approach for energy managers to promote informed, unbiased energy-related decision-making from top management. The framework is underpinned by a project prioritisation tool that uses economic, environmental, social and technical criteria. This tool is a hybrid multicriteria decision method that combines Analytical Hierarchy Process, Fuzzy Logic and Technique for Order of Preference by Similarity to Ideal Solution. The proposed methodology is applied in a case study concerning five energy projects in a Fortune 500 manufacturing corporation in the life sciences industry. Results show the application of this decision support framework resulted in increased funding for energy projects within this large organisation.
Publisher
University of Maribor Press
Publisher DOI
10.18690/978-961-286-051-6
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland