There is a planning gap for CCS projects in Europe. CCS demonstration plants are not implemented as expected. This fact is at odds with optimistic valuation reports that apply socio-economic valuation criteria for climate projects. However, CCS plants are in most cases to be implemented by...

A ranking method assigns to every weighted directed graph a (weak) orderingof the nodes. In this paper we axiomatize the ranking method that ranksthe nodes according to their outflow using four independent axioms. This outflowranking method generalizes the ranking by outdegree for directed...

Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...

Background: Nowadays, variable domination structure is instrumental in studying multiobjective decision making problems. We investigate multiobjective location problems with respect to variable domination structure and its applications in supply chain management. Methods: We formulate practical...

Motivated by a routing problem faced by banks to enhance their encashment services in the city of Perm, Russia, we solve versions of the traveling salesman problem (TSP) with clustering. To minimize the risk of theft, suppliers seek to operate multiple vehicles and determine an efficient...

Voluntary standards can help to ensure the quality of projects eligible for carbon offsetting, i.e., selling carbon certificates. However, in deciding on whether to adopt such standards, the managers of carbon offset projects are faced with uncertainty regarding the costs and risks involved....

Extreme weather events pose an economic threat to farms. The risk management behaviour against such events is often studied using prospect theory as a framework, but empirically deriving corresponding parameters in the field involving farmers is challenging. To address this issue, we compare...

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty prior to decision-making, collecting new data may help arrive at more informed decisions. Whether any resulting improvement in the decision will outweigh the cost of collecting the...

Research has shown that decision-makers omit a significant number of their objectives when making a decision. This study examines the consequences of incomplete objectives on decision making, i.e., how does omitting objectives affect identifying the most promising alternative? We investigate...

Background: Decision-analytic modelling (DAM) has become a widespread method in health technology assessments (HTA), but the extent to which modelling is used differs among international HTA institutions. In Germany, the use of DAM is optional within HTAs of the German Institute of Medical...