Analytic hierarchy process helps evaluate projects in Indian oil pipeline industry

Research output: Contribution to journalArticle

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.
Original languageEnglish
Pages (from-to)588-604
Number of pages17
JournalInternational Journal of Operations and Production Management
Volume24
Issue number6
DOIs
Publication statusPublished - 2004

Keywords

  • analytical hierarchy process
  • India
  • petroleum
  • pipelines

Fingerprint Dive into the research topics of 'Analytic hierarchy process helps evaluate projects in Indian oil pipeline industry'. Together they form a unique fingerprint.

  • Cite this