Identifying the Criteria Set for Multicriteria Decision Making Based on SWOT/PESTLE Analysis: A Case Study of Reconstructing A Water Intake Structure

Zorica Srdjevic (), Ratko Bajcetic and Bojan Srdjevic

Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), 2012, vol. 26, issue 12, 3379-3393

Abstract: This paper proposes an approach for defining the criteria set required for multicriteria decision making. An approach is developed for a specific class of water management problems, and a SWOT/PESTLE analysis is recommended for identifying the internal and external factors that influence a given water system. The factors are grouped into six categories: political, economic/financial, social, technical, legal, and environmental (PESTLE), and separated afterwards according to their positive or negative influence on the system. All factors are filtered by a proposed elimination algorithm to identify the non-inferior factors and declare them as candidates for inclusion into the criteria set. An approach is applied to the real-life problem of how to define the criteria set and enable the selection of the optimal reconstruction solution of a water intake structure within a regional hydro-system in Vojvodina Province, Serbia. To verify the developed approach, an independent expert is invited to asses all factors identified by the SWOT/PESTLE analysis using the analytic hierarchy process (AHP) and to rank factors by order of preference. The outcome is satisfactory because the seven top-ranked factors from AHP completely matched the list of factors derived from the elimination algorithm. Copyright Springer Science+Business Media B.V. 2012

Keywords: SWOT/PESTLE analysis; Elimination algorithm; AHP; Water intake structure (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (15)

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DOI: 10.1007/s11269-012-0077-2

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