Improving the Decision-Making Process for Stormwater Management Using Life-Cycle Costs and a Benefit Analysis

2022 ◽  
Vol 8 (2) ◽  
Author(s):  
Elizabeth M. Gallo ◽  
Katie Spahr ◽  
Emily Grubert ◽  
Terri S. Hogue
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Stormwater Management ◽  
Life Cycle Costs ◽  
Decision Making Process ◽  
Benefit Analysis

scholarly journals RISK OF OVERINVESTMENT IN MUNICIPALITIES

2017 ◽  
Vol 16 (3) ◽  
pp. 63-71 ◽  
Author(s):  
Łukasz Satoła
Keyword(s):  
Decision Making ◽  
Public Services ◽  
Financial Resources ◽  
Decision Making Process ◽  
Business Activity ◽  
Benefit Analysis ◽  
Resources Management ◽  
Public Resources ◽  
Cost And Benefit Analysis ◽  
The Cost

This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the respondents about the causes of excessive or misguided investments and the ways of reducing their scale were presented. Surveys were conducted in 2015 and the temporal scope of the analysis is 2009–2014. The importance of investments for the provision of public services, shaping the living conditions of inhabitants, and conducting business activity were described. Based on that, overinvestment was identified as a negative trend in public resources management. The most frequent causes of excessive investment are megalomania of the municipality authorities and their desire to gain the support of the inhabitants (voters). Another important aspect is the lack of sufficient social control in the decision-making process regarding investment tasks execution. It was also demonstrated that overinvestment is due to the purpose of spending financial resources, not to the relative amount of investment expenses. Among the actions preventing excessive or misguided investments, the cost and benefit analysis was indicated the most often. Using strategic planning tools is also beneficial for the effectiveness of investing in self-government.

Identifying E-Business Options

2009 ◽  
pp. 1-10
Author(s):  
Albert Boonstra ◽  
Bert de Brock
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Dynamic Environments ◽  
The Internet ◽  
Decision Making Process ◽  
Business Opportunity ◽  
Business Applications ◽  
Decision Making Processes ◽  
Business Purpose ◽  
Made In

The past few years, many organizations have been using the Internet in quite arbitrary and experimental ways. This phase, which can be considered as a period of learning and experimentation, has created a need for a more systematic approach to the identification, the ordering and the assessment of e-business options. It is the objective of this paper to address this need by presenting a methodology that aims at supporting management in using alternative e-business applications in the first stage of the decision-making process. Figure 1 shows how a systematic decision-making process can be organized by using e-business options. The steps are based on Simon’s intelligence, design, and choice trichotomy (Simon, 1960). First, alternative e-business options have to be identified and ordered. Then the possible options have to be assessed and selected. After this stage the selected opportunities have to be specified and designed. Next, implementation, operation, maintenance, and evaluation may follow. In Figure 1 this is called the “formal life cycle”. We will apply the word “e-business option” referring to the possibility to use an electronic network for a business purpose. An e-business opportunity is defined here as an assessed and selected e-business option. In practice, different intermediate feedback activities, interrupts, delays and adjustments are often necessary to reconsider earlier steps (Mintzberg, Raisinghani, & Théorêt, 1976). This is—among other reasons—because decision-making processes of this kind take place in dynamic environments and decisions are made in political contexts (Pettigrew, 2002). Moreover, participants in decision-making processes are often lacking the necessary information to make well-considered decisions right from the start (Miller, Hickson, & Wilson, 1996). In Figure 1 these activities are called “intermediate feedback”.

The use of Life Cycle Engineering/ Life Cycle Assessment within the design process of production facilities; A business case: Different options of handling overspray

2005 ◽  
Vol 895 ◽  
Author(s):  
Marc Binder ◽  
Harald Florin ◽  
Johannes Kreissig
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Design Process ◽  
Software Tool ◽  
Business Case ◽  
Ecological Impacts ◽  
Decision Making Process ◽  
Design Phase ◽  
Design Options ◽  
Total Life

AbstractThis presentation will illustrate how to expand the view by considering the total life cycle in an efficient way into the decision making process and why it is important to do so. The business case will show, how the ecological and economic aspects considering the total life cycle of different design options have been considered when determining the preferable design options out of an holistic point of view. Life Cycle Engineering (LCE)/ Life Cycle Assessment (LCA) integrated in the design Process LCE methodology is evaluating ecological, technical and economic aspects considering the total life cycle of processes/products. LCA studies are the basis for the ecological evaluation within LCE. LCE studies are based on material and energy flow information needed while running the facilities or for producing products. LCE is a simulation tool show optimization potentials as well as supporting the decision making process within the design phase. As various databases hold information on ecological impacts of material- and energy production and information on the economic values is available within the involved companies, time consuming research on basic materials and energies is not necessary. Therefore first estimations on scenarios can be made within days to support the decision process not causing any time delay. LCE studies can be conducted within the design process and on existing facilities/products. If LCE is used within the design process optimization potentials can be shown in early stages of the design phase of facilities/products. Integration of LCE within early stages of the design ensures an efficient way of improving the ecological profile of processes and products and reducing the overall costs considering the total life cycle. Realization within a software tool The software tool GaBi4 is developed and designed to support LCE efficiently and in a transparent way. The design of the facilities can be modeled according to the material and energy flow. This enables the user to run scenario analysis for different design options based on the process flow model. Business case The methodology of LCE has been integrated into the design process of the new rear axle paint shop focusing on the handling of the overspray. Different design options have been analyzed and arguments were made explicit to support the decision making process. As LCE was part of the whole design process from the beginning, the effort for all participants could have been minimized. Conclusions The case study has shown that the integration of LCE into the design process provides additional information and is not causing any delay of the decision making process. LCE enables a transparent presentation of the economics and ecological impacts on a process bases. Optimization potentials, ecological and economic, can be shown at all stages of the design phase and result in reducing the overall costs and environmental burdens caused by the paint process.

scholarly journals THE CONSUMER DECISION OF CHANGES PURCHASING GLASSES IN OPTICAL NAOMY YEAR 2019

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Wahjoe Handini Dina ◽  
Ita Puji Lestari
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Purchase Decision ◽  
Decision Making Process ◽  
Benefit Analysis ◽  
Cross Sectional ◽  
Descriptive Research ◽  
Optical Glasses

The purchase decision process is the process through which consumers when buying a product. It can be seen as a special form of cost-benefit analysis. This study is about knowing the decision of consumers in the purchase of glasses in the form of design, price, services, promotions and materials. The type of research is descriptive research conducted with the main objective to create a picture or a description of a situation objectively with the approach used in the study is Cross-sectional namely researchers put through observation or measurement variables at one time. Research in Optics Naomy shows that in the period July - September 2019 there were 32 respondents consisting of 19 (59.4%) of female respondents and 13 (40.6%) male respondents - men. Most aged 15-25 years as many as 26 people (81.3%), not married as many as 26 people (81.3%), student / student as many as 23 people (71.9%) and earn less than Rp 1 million, 00 as many as 26 people (81.3%). The majority of respondents in the optical Naomy declare eyeweare design is Good (62,5%), the price of the glasses in the optical Naomy is Less Suitable (65,6%), services in the optical Naomy is Good (65,6%), promotion in the optical Naomy is Good (62,5%), materials in optical glasses Naomy Good (56,2%). The decision making process of consumers in the purchase of glasses in the optical Weleri in this study prefer the design (22%) and services (21.8%), materials (21.2%), price (19.8%) and promotions (15.2 %). 

scholarly journals Evaluation of Investment Risks in CBA with Monte Carlo Method

2015 ◽  
Vol 63 (1) ◽  
pp. 245-251 ◽  
Author(s):  
Jana Korytárová ◽  
Barbora Pospíšilová
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Development Strategy ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Decision Making Process ◽  
Public Project ◽  
Investment Projects ◽  
The Public ◽  
Whole Life Cycle

Investment decisions are at the core of any development strategy. Economic growth and welfare depend on productive capital, infrastructure, human capital, knowledge, total factor productivity and the quality of institutions. Decision-making process on the selection of suitable projects in the public sector is in some aspects more difficult than in the private sector. Evaluating projects on the basis of their financial profitability, where the basic parameter is the value of the potential profit, can be misleading in these cases. One of the basic objectives of the allocation of public resources is respecting of the 3E principle (Economy, Effectiveness, Efficiency) in their whole life cycle. The life cycle of the investment projects consists of four main phases. The first pre-investment phase is very important for decision-making process whether to accept or reject a public project for its realization. A well-designed feasibility study as well as cost-benefit analysis (CBA) in this phase are important assumptions for future success of the project. A future financial and economical CF which represent the fundamental basis for calculation of economic effectiveness indicators are formed and modelled in these documents. This paper deals with the possibility to calculate the financial and economic efficiency of the public investment projects more accurately by simulation methods used.

scholarly journals Achieving a Trade-Off Construction Solution Using BIM, an Optimization Algorithm, and a Multi-Criteria Decision-Making Method

Buildings ◽  
2019 ◽  
Vol 9 (4) ◽  
pp. 81 ◽  
Author(s):  
Jalilzadehazhari ◽  
Vadiee ◽  
Johansson
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Thermal Comfort ◽  
Optimization Algorithm ◽  
National Level ◽  
Energy Performance ◽  
Economic Benefits ◽  
Life Cycle Costs ◽  
Multi Criteria Decision Making ◽  
Trade Off

The Energy Performance of Building Directive obligated all European countries to reduce the energy requirements of buildings while simultaneously improving indoor environment quality. Any such improvements not only enhance the health of the occupants and their productivity, but also provide further economic benefits at the national level. Accomplishing this task requires a method that allows building professionals to resolve conflicts between visual and thermal comfort, energy demands, and life-cycle costs. To overcome these conflicts, this study exploits the incorporation of building information modelling (BIM), the design of experiments as an optimization algorithm, and the analytical hierarchy process (AHP) into a multi-criteria decision-making method. Any such incorporation can (i) create constructive communication between building professionals, such as architects, engineers, and energy experts; (ii) allow the analysis of the performance of multiple construction solutions with respect to visual and thermal comfort, energy demand, and life-cycle costs; and (iii) help to select a trade-off solution, thereby making a suitable decision. Three types of energy-efficient windows, and five types of ground floors, roofs, and external wall constructions were considered as optimization variables. The incorporation of several methods allowed the analysis of the performance of 375 construction solutions based on a combination of optimization variables, and helped to select a trade-off solution. The results showed the strength of incorporation for analyzing big-data through the intelligent use of BIM and a simulation in the field of the built environment, energy, and costs. However, when applying AHP, the results are strongly contingent on pairwise comparisons.

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