Application of Multi-Criteria Decision-Making (MCDM) to Select the Most Sustainable Power-Generating Technology

Fatemeh Parvaneh () and Ahmed Hammad
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Fatemeh Parvaneh: Construction Engineering and Management, Department of Civil and Environmental Engineering, University of Alberta, Edmonton, AB T6G 1H9, Canada
Ahmed Hammad: Construction Engineering and Management, Department of Civil and Environmental Engineering, University of Alberta, Edmonton, AB T6G 1H9, Canada

Sustainability, 2024, vol. 16, issue 8, 1-32

Abstract: In response to the growing importance of sustainability and regulatory pressures, companies are increasingly engaging in sustainable projects to mitigate environmental and social harm. Therefore, it is crucial to incorporate sustainability considerations during selecting construction projects in the feasibility phase. This study aims to identify a comprehensive set of sustainability criteria and sub-criteria to help the owners of power-generating plants to select the most sustainable technology for their new projects. Sixteen criteria are identified and categorized under the pillars of sustainability: economic, social, and environmental, plus the technical category. To illustrate practical application, a case study demonstrates the use of these essential sustainability criteria through a hybrid multi-criteria decision-making (MCDM) model for power-generating technology ranking. The results suggest that when stakeholders’ perspectives are weighted approximately equally, considering all sustainability pillars, natural gas with carbon capture is favored for sustainability. A three-scenario sensitivity analysis was performed involving expert opinions from one of the largest power-generating companies in Canada. This integrated generic model can be utilized by industry experts to apply multi-dimensional rational decision-making techniques to solve the complex problem of selecting the most sustainable alternative in construction projects.

Keywords: sustainable multi-criteria decision-making; sustainability; project portfolio selection; feasibility phase; industrial sector; power-generating plants (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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