Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas
This study demonstrates the characteristics of the new generic project portfolio selection tool YODA (“Your Own Decision Aid”). YODA does not include a mathematical aggregation model. Instead, the decision maker’s preferences are defined by the interactive articulation of acceptance thresholds of pr...
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ftunivhelsihelda:oai:helda.helsinki.fi:10138/348674 2024-09-15T18:25:42+00:00 Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas Kurttila, Mikko Haara, Arto Juutinen, Artti Karhu, Jouni Ojanen, Paavo Pykäläinen, Jouni Saarimaa, Miia Tarvainen, Oili Sarkkola, Sakari Tolvanen, Anne 2022-09-28T15:06:31Z application/pdf http://hdl.handle.net/10138/348674 eng eng Multidisciplinary Digital Publishing Institute Kurttila, M.; Haara, A.; Juutinen, A.; Karhu, J.; Ojanen, P.; Pykäläinen, J.; Saarimaa, M.; Tarvainen, O.; Sarkkola, S.; Tolvanen, A. Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas. Sustainability 2020, 12, 1705. http://hdl.handle.net/10138/348674 http://purl.org/eprint/entityType/JournalArticle http://purl.org/eprint/entityType/Expression 2022 ftunivhelsihelda 2024-08-28T23:57:17Z This study demonstrates the characteristics of the new generic project portfolio selection tool YODA (“Your Own Decision Aid”). YODA does not include a mathematical aggregation model. Instead, the decision maker’s preferences are defined by the interactive articulation of acceptance thresholds of project-level decision criteria. Transparency and ease of adopting the method in participatory planning are sought using the method’s simple preference input. The characteristics of the YODA tool are introduced by presenting how it has been applied in participatory land use planning in northern Finland in selecting a combination of peat production sites to attain the goals defined at municipal level. In this process, each stakeholder first constructed a project portfolio that best met his or her preferences. In doing this, acceptance thresholds for project-level decision criteria were defined. In total, eight decision criteria were related to economic value, biodiversity, social impacts, and ecosystem services. Subsequently, the portfolios of different stakeholders were combined in line with the principles of robust portfolio modelling. Core projects were accepted by all stakeholders, while exterior projects were not accepted, and borderline projects by some of the stakeholders. Although the land use planning situation at hand was highly sensitive, because it was related to various aspects of sustainability, the use of YODA provided useful results. The first meeting with stakeholders identified 52 out of 99 sites that none of the stakeholders would use for energy peat production, due to their characteristics, whereas, in the second meeting, a smaller stakeholder group found 18 core projects and 26 borderline projects which could be potential areas for energy peat production. We conclude that YODA—as a generic project portfolio tool—can be used in various planning situations. Article in Journal/Newspaper Northern Finland HELDA – University of Helsinki Open Repository |
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HELDA – University of Helsinki Open Repository |
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ftunivhelsihelda |
language |
English |
description |
This study demonstrates the characteristics of the new generic project portfolio selection tool YODA (“Your Own Decision Aid”). YODA does not include a mathematical aggregation model. Instead, the decision maker’s preferences are defined by the interactive articulation of acceptance thresholds of project-level decision criteria. Transparency and ease of adopting the method in participatory planning are sought using the method’s simple preference input. The characteristics of the YODA tool are introduced by presenting how it has been applied in participatory land use planning in northern Finland in selecting a combination of peat production sites to attain the goals defined at municipal level. In this process, each stakeholder first constructed a project portfolio that best met his or her preferences. In doing this, acceptance thresholds for project-level decision criteria were defined. In total, eight decision criteria were related to economic value, biodiversity, social impacts, and ecosystem services. Subsequently, the portfolios of different stakeholders were combined in line with the principles of robust portfolio modelling. Core projects were accepted by all stakeholders, while exterior projects were not accepted, and borderline projects by some of the stakeholders. Although the land use planning situation at hand was highly sensitive, because it was related to various aspects of sustainability, the use of YODA provided useful results. The first meeting with stakeholders identified 52 out of 99 sites that none of the stakeholders would use for energy peat production, due to their characteristics, whereas, in the second meeting, a smaller stakeholder group found 18 core projects and 26 borderline projects which could be potential areas for energy peat production. We conclude that YODA—as a generic project portfolio tool—can be used in various planning situations. |
format |
Article in Journal/Newspaper |
author |
Kurttila, Mikko Haara, Arto Juutinen, Artti Karhu, Jouni Ojanen, Paavo Pykäläinen, Jouni Saarimaa, Miia Tarvainen, Oili Sarkkola, Sakari Tolvanen, Anne |
spellingShingle |
Kurttila, Mikko Haara, Arto Juutinen, Artti Karhu, Jouni Ojanen, Paavo Pykäläinen, Jouni Saarimaa, Miia Tarvainen, Oili Sarkkola, Sakari Tolvanen, Anne Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas |
author_facet |
Kurttila, Mikko Haara, Arto Juutinen, Artti Karhu, Jouni Ojanen, Paavo Pykäläinen, Jouni Saarimaa, Miia Tarvainen, Oili Sarkkola, Sakari Tolvanen, Anne |
author_sort |
Kurttila, Mikko |
title |
Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas |
title_short |
Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas |
title_full |
Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas |
title_fullStr |
Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas |
title_full_unstemmed |
Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas |
title_sort |
applying a multi-criteria project portfolio tool in selecting energy peat production areas |
publisher |
Multidisciplinary Digital Publishing Institute |
publishDate |
2022 |
url |
http://hdl.handle.net/10138/348674 |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_relation |
Kurttila, M.; Haara, A.; Juutinen, A.; Karhu, J.; Ojanen, P.; Pykäläinen, J.; Saarimaa, M.; Tarvainen, O.; Sarkkola, S.; Tolvanen, A. Applying a Multi-Criteria Project Portfolio Tool in Selecting Energy Peat Production Areas. Sustainability 2020, 12, 1705. http://hdl.handle.net/10138/348674 |
_version_ |
1810466194732351488 |