Cost-Benefit Analysis and Analytic Hierarchy Process Integrated Approach of Potable Water Transmission Projects

Cost-Benefit Analysis (CBA) and Analytic Hierarchy Process (AHP) Integrated Approach is a crucial method in evaluating the feasibility of potable water transmission projects. This integrated approach combines the quantitative analysis of costs and benefits with the qualitative aspects of stakeholder preferences, aiding decision-makers in selecting the most optimal project alternatives. According to Kiker et al. (2005), CBA provides a systematic framework to assess the monetary value of project outcomes, allowing for a comprehensive comparison of different project options based on their economic viability.

On the other hand, AHP, as described by Saaty (2008), introduces a structured methodology for capturing subjective judgments and preferences of stakeholders regarding various project criteria. By integrating AHP with CBA, decision-makers can incorporate both objective and subjective factors into the decision-making process, enhancing the overall robustness and transparency of project evaluations.

The integration of CBA and AHP in the context of potable water transmission projects enables a more comprehensive evaluation that considers not only the economic aspects but also the social and environmental impacts of the projects. This holistic approach aligns with the sustainable development goals by ensuring that project decisions are made based on a balanced consideration of multiple criteria.

In conclusion, the Cost-Benefit Analysis and Analytic Hierarchy Process Integrated Approach offers a structured and systematic methodology for evaluating potable water transmission projects, facilitating evidence-based decision-making that considers both quantitative and qualitative aspects of project alternatives.

References:

Kiker, G. A., Bridges, T. S., Varghese, A., Seager, T. P., & Linkov, I. (2005). Application of multicriteria decision analysis in environmental decision making. Integrated Environmental Assessment and Management, 1(2), 95-108.

Saaty, T. L. (2008). Decision making with the analytic hierarchy process. International Journal of Services Sciences, 1(1), 83-98.