A Scoring Model to Evaluate Offshore Oil Projects

IF 1.9 4区管理学 Q3 ENGINEERING, INDUSTRIAL Engineering Management Journal Pub Date : 2021-08-11 DOI:10.1080/10429247.2021.1943244

Abdulhakim Giadedi, T. Daim

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引用次数: 2

Abstract

Abstract Offshore oil projects are defined as mega projects that are associated with larger project size, higher complexities with inherent risks, and higher chances of failure in the investment and decision-making processes. These characteristics require significant assessment and acquisition methods in order to reduce failure. Financial analysis is the most widely used method to evaluate offshore oil projects; however, there are several other internal and external factors that affect the overall success of offshore oil projects. A comprehensive approach and advanced tools are required to evaluate factors that can have a significant impact before any investment decisions are made. This paper evaluates the important factors that influence offshore oil project investment decisions as well as score their weight of impact using a multi criteria decision model. A comprehensive literature review was conducted to recognize the complexities of these factors. Four perspectives were identified in order to assess the attributes that are necessary for successful offshore projects. These perspectives are economical, technical, political and environmental and safety. A hierarchical decision model (HDM), along with desirability curves, was implemented to evaluate offshore oil projects in order to improve investment decisions and reduce failure.

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海洋石油项目评价的评分模型

摘要海上石油项目是大型项目，其规模较大，复杂性较高，存在固有风险，在投资和决策过程中失败的可能性较大。这些特点需要重要的评估和获取方法，以减少故障。财务分析是海洋石油项目评价中应用最广泛的方法;然而，还有其他一些内部和外部因素影响着海上石油项目的整体成功。在做出任何投资决策之前，需要一个全面的方法和先进的工具来评估可能产生重大影响的因素。本文采用多准则决策模型对影响海上石油项目投资决策的重要因素进行了评价，并对其影响权重进行了评分。我们进行了全面的文献综述，以认识到这些因素的复杂性。为了评估成功的海上项目所必需的属性，确定了四个视角。这些观点包括经济、技术、政治、环境和安全。采用层次决策模型(HDM)和期望曲线对海上石油项目进行评估，以改善投资决策，减少失败。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Engineering Management Journal 工程技术-工程：工业

CiteScore

5.60

自引率

12.00%

发文量

审稿时长

>12 weeks

期刊介绍： EMJ is designed to provide practical, pertinent knowledge on the management of technology, technical professionals, and technical organizations. EMJ strives to provide value to the practice of engineering management and engineering managers. EMJ is an archival journal that facilitates both practitioners and university faculty in publishing useful articles. The primary focus is on articles that improve the practice of engineering management. To support the practice of engineering management, EMJ publishes papers within key engineering management content areas. EMJ Editors will continue to refine these areas to ensure they are aligned with the challenges faced by technical organizations and technical managers.