IDEAS home Printed from https://ideas.repec.org/a/igg/jdsst0/v15y2022i2p1-21.html
   My bibliography  Save this article

A Go/No-Go Decision-Making Model Based on Risk and Multi-Criteria Techniques for Project Selection

Author

Listed:
  • Daouda KAMISSOKO

    (University of Toulouse, France)

  • Didier Gourc

    (University of Toulouse, France)

  • François Marmier

    (Université de Strasbourg, France)

  • Antoine Clement

    (University of Toulouse, France)

Abstract

The realization of infrastructures and the deployment of processes can follow project formalism. Generally, a project goes through a design and a realization phase. Between these two phases, there is a crucial milestone: Launching the project. Making this decision is not easy at all, and constitutes a real problem-- the main reasons to this are the numerous numbers of criteria (for technical, economic, social, environmental dimensions) and risks in the sense of feared events. Criteria and risks are most of the time not considered due to lack of time (for formalization) and the difficulty to handle them. The objective of this paper is to propose a relevant approach to make the decision of launching the project or not. The proposal outlined is innovative in that it can consider indicators based on several appropriate criteria, the associated risks, and their ways of management. The fact of considering several criteria and risks increases the probability of making the good decision.

Suggested Citation

  • Daouda KAMISSOKO & Didier Gourc & François Marmier & Antoine Clement, 2022. "A Go/No-Go Decision-Making Model Based on Risk and Multi-Criteria Techniques for Project Selection," International Journal of Decision Support System Technology (IJDSST), IGI Global, vol. 15(2), pages 1-21, December.
    • Handle: RePEc:igg:jdsst0:v:15:y:2022:i:2:p:1-21
    as

    Download full text from publisher

    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJDSST.315641
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tom Waas & Jean Huge & Thomas BLOCK & Tarah Wright & Francisco Javier Benitez Capistros & Aviel Verbruggen, 2014. "Sustainability assessment and indicators: Tools in a decision-making strategy for sustainable development," ULB Institutional Repository 2013/189410, ULB -- Universite Libre de Bruxelles.
    2. Isihara, Paul & Shi, Chaojun & Ward, Jonathan & O'Malley, Leo & Laney, Skyler & Diedrichs, Danilo & Flores, Gabriel, 2020. "Identifying most typical and most ideal attribute levels in small populations of expert decision makers: Studying the Go/No Go decision of disaster relief organizations," Journal of choice modelling, Elsevier, vol. 35(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Catherine Le Roux & Marius Pretorius, 2016. "Conceptualizing the Limiting Issues Inhibiting Sustainability Embeddedness," Sustainability, MDPI, vol. 8(4), pages 1-22, April.
    2. Steliana Rodino & Ruxandra Pop & Cristina Sterie & Andreea Giuca & Eduard Dumitru, 2023. "Developing an Evaluation Framework for Circular Agriculture: A Pathway to Sustainable Farming," Agriculture, MDPI, vol. 13(11), pages 1-24, October.
    3. Justyna Patalas-Maliszewska & Hanna Łosyk, 2020. "An Approach to Assessing Sustainability in the Development of a Manufacturing Company," Sustainability, MDPI, vol. 12(21), pages 1-18, October.
    4. Sofia Dahlgren & Jonas Ammenberg, 2021. "Sustainability Assessment of Public Transport, Part II—Applying a Multi-Criteria Assessment Method to Compare Different Bus Technologies," Sustainability, MDPI, vol. 13(3), pages 1-30, January.
    5. María Luisa Pajuelo Moreno & Teresa Duarte-Atoche, 2019. "Relationship between Sustainable Disclosure and Performance—An Extension of Ullmann’s Model," Sustainability, MDPI, vol. 11(16), pages 1-33, August.
    6. Weiwei Li & Pingtao Yi & Danning Zhang, 2018. "Sustainability Evaluation of Cities in Northeastern China Using Dynamic TOPSIS-Entropy Methods," Sustainability, MDPI, vol. 10(12), pages 1-15, December.
    7. Svatava Janoušková & Tomáš Hák & Bedřich Moldan, 2018. "Global SDGs Assessments: Helping or Confusing Indicators?," Sustainability, MDPI, vol. 10(5), pages 1-14, May.
    8. Sungjo Hong & Ihl Kweon & Bum-Hyun Lee & Heechul Kim, 2019. "Indicators and Assessment System for Sustainability of Municipalities: A Case Study of South Korea’s Assessment of Sustainability of Cities (ASC)," Sustainability, MDPI, vol. 11(23), pages 1-21, November.
    9. Johan Du Plessis & Wouter Bam, 2018. "Comparing the Sustainable Development Potential of Industries: A Role for Sustainability Disclosures?," Sustainability, MDPI, vol. 10(3), pages 1-30, March.
    10. Jean Hugé & Nibedita Mukherjee & Camille Fertel & Jean-Philippe Waaub & Thomas Block & Tom Waas & Nico Koedam & Farid Dahdouh-Guebas, 2015. "Conceptualizing the Effectiveness of Sustainability Assessment in Development Cooperation," Sustainability, MDPI, vol. 7(5), pages 1-17, May.
    11. Kajsa Borgnäs, 2017. "Indicators as ‘circular argumentation constructs’? An input–output analysis of the variable structure of five environmental sustainability country rankings," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(3), pages 769-790, June.
    12. Catherine Dezio & Davide Marino, 2018. "Towards an Impact Evaluation Framework to Measure Urban Resilience in Food Practices," Sustainability, MDPI, vol. 10(6), pages 1-13, June.
    13. Marcellinus Essah, 2022. "Gold mining in Ghana and the UN Sustainable Development Goals: Exploring community perspectives on social and environmental injustices," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(1), pages 127-138, February.
    14. Karel Doubravský & Alena Kocmanová & Mirko Dohnal, 2018. "Analysis of Sustainability Decision Trees Generated by Qualitative Models Based on Equationless Heuristics," Sustainability, MDPI, vol. 10(7), pages 1-18, July.
    15. Iva Glibo & Laura Misener & Joerg Koenigstorfer, 2022. "Strategic Sustainable Development in International Sport Organisations: A Delphi Study," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    16. Karim Naderi Mahdei & Mehrdad Pouya & Fatemeh Taheri & Hossein Azadi & Steven Van Passel, 2015. "Sustainability Indicators of Iran’s Developmental Plans: Application of the Sustainability Compass Theory," Sustainability, MDPI, vol. 7(11), pages 1-14, November.
    17. Vicent Penadés-Plà & José V. Martí & Tatiana García-Segura & Víctor Yepes, 2017. "Life-Cycle Assessment: A Comparison between Two Optimal Post-Tensioned Concrete Box-Girder Road Bridges," Sustainability, MDPI, vol. 9(10), pages 1-21, October.
    18. Ye Sun & Tomohiro Akiyama, 2018. "An Empirical Study on Sustainable Agriculture Land Use Right Transfer in the Heihe River Basin," Sustainability, MDPI, vol. 10(2), pages 1-13, February.
    19. Vicent Penadés-Plà & Tatiana García-Segura & José V. Martí & Víctor Yepes, 2018. "An Optimization-LCA of a Prestressed Concrete Precast Bridge," Sustainability, MDPI, vol. 10(3), pages 1-17, March.
    20. Anastasiia Moldavska, 2017. "Defining Organizational Context for Corporate Sustainability Assessment: Cross-Disciplinary Approach," Sustainability, MDPI, vol. 9(12), pages 1-25, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:igg:jdsst0:v:15:y:2022:i:2:p:1-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journal Editor (email available below). General contact details of provider: https://www.igi-global.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.