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Forthcoming Papers > International Journal of Nuclear Governance, Economy and Ecology (IJNGEE) Journal Homepage

This page lists papers submitted for IJNGEE via the web that have been reviewed and accepted but not yet published. Please note that titles, authors, abstracts and keywords may change upon publication.

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International Journal of Nuclear Governance, Economy and Ecology (1 paper in press)

The Model Based on the Analytic Hierarchy Process for Dynamic Decision Making in the Energy Industry
by Tomi Mäkipelto, Josu Takala
Abstract: The goal of the research was to find out, to define, and to evaluate the major factors of decision making process in the energy industry especially in Finland. The research methodologies which were used were an action analytical and a constructive case research. The empirical data was collected by using participant observation including informal discussions and by using formal questionnaires. The validity of the results of the Analytic Hierarchy Process (AHP) was tested by different statistical parameters and brainstorming. The results showed a high validity. Construction was tested by a weak market test, whose result was positive. The results showed that the main factors which have an effect on the energy sector investments` life cycle profits are both the financial and the political factors. The results showed clearly that with the model the important factors in investment decision making process are found.
Keywords: case study; multi-criteria decision making; Analytic Hierarchy Process (AHP); energy sector in Finland