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Decision Making On Optimal Choice Of Biomass-To-Ethanol Path By Means Of Fuzzy Swot Analysis

In: Marketing And Management Sciences

Author

Listed:
  • 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)

Abstract

This 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.

Suggested Citation

  • Dimitris F. Batzias & Yannis A. Pollalis, 2010. "Decision Making On Optimal Choice Of Biomass-To-Ethanol Path By Means Of Fuzzy Swot Analysis," World Scientific Book Chapters, in: Damianos P Sakas & Nikolaos Konstantopoulos (ed.), Marketing And Management Sciences, chapter 63, pages 359-365, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781848165106_0063
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    Keywords

    Management; Organizational Behavior; Marketing; Negotiation; Dynamic Models; International Business; Strategic Business; Human Resource;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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