Formalized procedure for ranking alternatives in developing environmental programs

Different institutions for many of reasons develop environmental programs. Many aspects are taken into consideration in order to make alternative decisions that concern them. Environmental decision makers usually use experts’ opinion on the subject, and in any case they must conform to the strict development requirements and the specific features of the situation at hand. In this paper, a formalized approach towards expert panel subjective opinion processing is presented, which allows a criteria hierarchy to be structured and different environmental program alternatives to be ranked taking into consideration not only the total marginal indicators, but also their deviation with the use of the Bootstrap modification of the Monte Carlo computer intensive simulation method. Developed procedure, called REPOMP (Randomized Expert Panel Opinion Marginalizing Procedure) is applied in order to estimate two alternative technologies for waste treatment. Because it is generic, REPOMP can be used for solving a wide range of problems that envisage similar input data structure.