In the process of investment decision making, next to financial indicators many other aspects of investment projects are increasingly often considered. This leads to the multi-criteria evaluation of a project. The advantage of multi-criteria methods is the ability to take into account all (not only financial) aspects of the attractiveness of an investment project. The selection of criteria of p...

Commercial buildings are responsible for a large fraction of energy consumption in developed countries, and therefore are targets of energy efficiency programs. Motivated by the large inherent thermal inertia of buildings, the power consumption can be flexibly scheduled without compromising occupant comfort. This temporal flexibility offers opportunities for the provision of frequency regulatio...

much research hasn’t been done in the area of project selection in the public sector. in this paper, we tried to choose projects in the public sector, and a linear programming model is presented. in an effort to build the model, the decision criteria were identified using the delphi method and then the criteria were reviewed at conceptual combining. the model was constructed in a linear, goal a...

the selection of best information system (is) project from many competing proposals is a critical business activity which is very helpful to all organizations. while previous is project selection methods are useful but have restricted application because they handle only cases with precise data. indeed, these methods are based on precise data with less emphasis on imprecise data. this paper pro...

Corporate finance textbooks (e.g., Webster 2003, Chapter 12) recommend that a company invest in a project if and only if the project’s internal rate of return exceeds the cost of capital. If companies operated this way, their investment decisions would be independent across projects within the company, conditional on the projects’ cash flows being independent. In practice, such conditional inde...