DECISION MAKING ON OPTIMAL CHOICE OF BIOMASS-TO-ETHANOL PATH BY MEANS OF FUZZY SWOT ANALYSIS

Dimitris F. Batzias and Yannis A. Pollalis
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Dimitris F. Batzias: Department of Industrial Management and Technology, University of Piraeus, Karaoli & Dimitriou 80, 18534 Piraeus, Greece
Yannis A. Pollalis: Department of Economic Science, University of Piraeus, Karaoli & Dimitriou 80, 18534 Piraeus, Greece

Chapter 63 in Marketing and Management Sciences, 2010, pp 359-365 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis work deals with the optimal choice of biomass-to-ethanol path by using SWOT analysis, where Opportunities and Threats are including within a complete set of forecasting scenarios about the environmental change. The methodology developed is presented herein under the form of an algorithmic procedure with 24 activity stages and 6 decision nodes. A Delphi method properly modified to provide estimated scores in fuzzy form (to count for uncertainty) is also used. An implementation of this procedure for a district in Central Greece showed that the sugarbeet-to-ethanol path dominates over the alternatives of using corn and wheat as energy crops. Sensitivity analysis round the optimal choice proved that this is a robust solution.

Keywords: Management, Organizational Behavior, Marketing; Negotiation, Dynamic Models, International Business, Strategic Business, Human Resource, (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2010
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