A Holistic Multi-Criteria Decision and Risk Analysis Method for CCS and GHG Mitigation Projects

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Author(s): John Michael Humphries Choptiany (Dalhousie University, Canada)
Copyright: 2017
Pages: 22
Source title: Handbook of Research on Leveraging Risk and Uncertainties for Effective Project Management
Source Author(s)/Editor(s): Yuri Raydugin (Risk Services & Solutions Inc., Canada)
DOI: 10.4018/978-1-5225-1790-0.ch018

Keywords: Business & Management / Business Science Reference / Management Science / Risk Management & Analysis

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Abstract

Methods of electricity generation comprise many different forms with many different benefits and drawbacks. Decisions related to selecting between and how to implement energy production projects can be very complex with significant uncertainty. Carbon Capture and Storage (CCS) is one such method. As these options are uncertain and have such varied benefits and drawbacks, they necessitate effective decision analyses. Traditional methods of decision analysis cannot adequately assess these decisions. This chapter outlines a framework to combine decision analysis methods into a comprehensive analysis that is both user friendly and thorough. A sample case study is used to demonstrate the methodology and its relevance to complex decisions such as CCS and other energy production projects.

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A Holistic Multi-Criteria Decision and Risk Analysis Method for CCS and GHG Mitigation Projects

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