Dundar F. Kocaoglu
Management of Engineering and Technology
Hierarchical Decision Modeling (HDM) has been developed as a decision making tool across multiple industries in wide variety of applications. This paper presents the development of HDM as a tool to be used as an asset prioritization tool in the municipal wastewater industry. Converting an admittedly poorly developed risk-impact matrix, integrating expert feedback across two teams and a manager, and following the guidance of the established problem statement, an effective asset prioritization tool was developed as a means to accurately and consistently score and rank assets according to their priority for consideration for repair or replacement. Following development, a simulation was performed to validate the effectiveness of the tool by comparing it to against the experience and expertise of the current decision maker.
Bregaj, Nertila; Chaichi, Nina; McGraw, Sean; Nour, Alaa; Pizarro, Melinda; and Provenzola, Jeremy, "Municipal Wastewater Asset Prioritization Using Hierarchical Decision Modeling" (2013). Engineering and Technology Management Student Projects. 447.