An integrated scenario-based robust planning approach for foresight and strategic management with application to energy industry

Alizadeh, Reza; Lund, Peter; Beynaghi, Ali; Abolghasemi, Mahdi; Maknoon, Reza

doi:10.1016/j.techfore.2015.11.030

Cited by 83 publications

(53 citation statements)

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“…The factors are then ranked by these two metrics to evaluate the relative strength each factor has in influencing other factors, and the collective dependence that each factor experiences from the other factors in the matrix. The MICMAC method has previously been used widely to assess multivariate complex systems, including the interdependencies of critical infrastructure [68], identifying strategic variables in urban planning [69], and managing growth of complex energy sectors [70,71].…”

Section: Methodsmentioning

confidence: 99%

“…However, as Service Sustainability decreases, this would (as Sustainability 2020, 12, 1243 6 of 17 participants described the relationship) have an inverse effect that could lead to an improvement in Monitoring, further improving Services, thus generating a balancing behavior in the system. in urban planning [69], and managing growth of complex energy sectors [70,71].…”

Section: Methodsmentioning

confidence: 99%

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Understanding Rural Water Services as a Complex System: An Assessment of Key Factors as Potential Leverage Points for Improved Service Sustainability

et al. 2020

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Rural water supply services worldwide consistently fail to deliver full public health impacts as intended due to a low service sustainability. This failure is increasingly attributed to weak local systems composed of social, financial and environmental factors. Current approaches in the water, sanitation and hygiene (WASH) sector for understanding and improving these systems typically focus on the strength and capacity of these factors, but not the interactions between them. We contend that these approaches overlook the inherent complexity and context-specific nature of each local system. To assess this complexity, we conducted four participatory factor mapping workshops with local stakeholders across multiple rural water contexts to identify the factors and interactions that support service sustainability. We then evaluate the potential for factors to act as strategic leverage points based on influence, dependence and feedback metrics that arise from their interactions with other factors. We find that while participants across the contexts tend to identify a common set of factors, the interactions amongst those factors and their individual ability to influence service sustainability varies considerably across contexts. These findings suggest that a more intentional focus on factor interactions in WASH systems could lead to more effective strategies for improving service sustainability.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Understanding Rural Water Services as a Complex System: An Assessment of Key Factors as Potential Leverage Points for Improved Service Sustainability

et al. 2020

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“…Another group of studies have somewhat concentrated on corporate social responsibility inside a certain industry, like financial and banking services [34], renewable energy [32], or supply chain [36,37]. Some studies investigated the sustainability performance of the energy sector for long-term time horizons [38][39][40][41][42]. Some of the papers studied the relationship between an enterprise's environmental and economic performance [35,[43][44][45] or the influence of stakeholders as part of the social dimension [46,47].…”

Section: Literature Reviewmentioning

confidence: 99%

An integrated Multi-Criteria Decision Making Model for Sustainability Performance Assessment for Insurance Companies

et al. 2020

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To stay competitive in a business environment, continuous performance evaluation based on the triple bottom line standard of sustainability is necessary. There is a gap in addressing the computational expense caused by increased decision units due to increasing the performance evaluation indices to more accuracy in the evaluation. We successfully addressed these two gaps through (1) using principal component analysis (PCA) to cut the number of evaluation indices, and (2) since PCA itself has the problem of merely using the data distribution without considering the domain-related knowledge, we utilized Analytic Hierarchy Process (AHP) to rank the indices through the expert’s domain-related knowledge. We propose an integrated approach for sustainability performance assessment in qualitative and quantitative perspectives. Fourteen insurance companies were evaluated using eight economic, three environmental, and four social indices. The indices were ranked by expert judgment though an analytical hierarchy process as subjective weighting, and then principal component analysis as objective weighting was used to reduce the number of indices. The obtained principal components were then used as variables in the data envelopment analysis model. So, subjective and objective evaluations were integrated. Finally, for validating the results, Spearman and Kendall’s Tau correlation tests were used. The results show that Dana, Razi, and Dey had the best sustainability performance.

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“…Related work and contribution: Global Energy sector encounter challenges related to sustainability, environment and economics. A scenario-building framework based on the Global Business Network to help energy industries to develop more resilient conservation policies subject to unpredictable and external uncertainties has been developed in [ 8 ] . A broad overview and the issues of the Power sector in Pakistan along with an analysis of the energy policies analysis and their impact on power generation sector has been presented in 9 .Pakistan has abundant renewable resources which are comparable with India, Bangladesh and other countries in the region [10].…”

Section: Introductionmentioning

confidence: 99%

Energy security and renewable energy policy analysis of Pakistan

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Shahid

Bhatti

et al. 2018

Renewable and Sustainable Energy Reviews

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An integrated scenario-based robust planning approach for foresight and strategic management with application to energy industry

Cited by 83 publications

References 50 publications

Understanding Rural Water Services as a Complex System: An Assessment of Key Factors as Potential Leverage Points for Improved Service Sustainability

Understanding Rural Water Services as a Complex System: An Assessment of Key Factors as Potential Leverage Points for Improved Service Sustainability

An integrated Multi-Criteria Decision Making Model for Sustainability Performance Assessment for Insurance Companies

Energy security and renewable energy policy analysis of Pakistan

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