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- Title
Developing Multi-Attributes Portfolio Selection Model For Downstream Oil & Gas Projects.
- Authors
Milza, Rico
- Abstract
There are numbers of decision models available for evaluating and selecting potential projects within a corporation, from qualitative to quantitative. Each company, including Indonesian National Oil Company (NOC), should have its own version of a selection model that will allow them to make the best choices among alternatives within the usual constraints. This paper developed a multi-attributes selection model for downstream projects within Indonesian NOC. The selection model uses single dimensional and multi-attributes value for selecting potential projects. In this paper, the Author demonstrates the development of a multiattributes selection model using following attributes: Financial (NPV and ERR), Contribution to strategy (Strategic plan and Market Development, and Risks (Probability of Product Success and Influence of External Factors). After that, optimization model applied using multi-attributes value and added some specific constraints such as budget constraints, project constraints, and resources constraints.
- Subjects
INDONESIA; PETROLEUM industry; RISK assessment in project management; NATIONAL Oil Co.
- Publication
PM World Journal, 2016, Vol 5, Issue 9, p1
- ISSN
2330-4480
- Publication type
Article