Ranking Canadian oil and gas projects using TOPSIS
One of the primary concerns for investment in oil and gas projects is to have a comprehensive understanding on different issues associated with this industry. The industry is mainly influ-enced by the price of oil and gas and in some events, many production units have been forced to shut down solely...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Growing Science
2017-08-01
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| Series: | Journal of Project Management |
| Subjects: | |
| Online Access: | http://www.growingscience.com/jpm/Vol2/jpm_2017_10.pdf |
| Summary: | One of the primary concerns for investment in oil and gas projects is to have a comprehensive understanding on different issues associated with this industry. The industry is mainly influ-enced by the price of oil and gas and in some events, many production units have been forced to shut down solely because of low price of oil and gas. Environmental issues are other important factors, which may put pressure on Canada’s political affairs since the country has strong com-mitment to reduce green gas effect. In this paper, we introduce a multi-criteria decision making method, which helps us rank different projects in terms of investment. The proposed study con-siders different investment factors including net present value, rate of return, benefit-cost analy-sis and payback period along with the intensity of green gas effects for ranking the present oil and gas projects in Canada.
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| ISSN: | 2371-8366 2371-8374 |