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Title: Use Of Decision Analysis In Evaluating Major Pipeline Projects
Author: Dean P. Johnson
Source: American Gas Association 1984
Year Published: 1984
Abstract: Decision Analysis is a valuable tool to make a logical choice between significantly different alternatives. Within Panhandle Eastern Corporation it is an accepted method for the evaluation of major pipeline projects. This paper list several definitions of Decision Analysis. One definition accents the fundamental relationship between Decision Analysis and decision trees. An overview of a typical application is given, and there are illustrations of several of the important steps in the Decision Analysis process. A list of significant observations made in the debriefing sessions is also presented. Panhandle Eastern Pipe Line Company has been active in the area of Decision Analysis we started our major efforts in mid-1982. We have analyzed three major pipeline projects with Decision Analysis and have also completed one other project.

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