The selection of contract strategies using the analytic network process for oil and gas projects: a case study

Main Article Content

Vinicius Maia de Jesus
Luiz Flavio Autran Monteiro Gomes
Fernando Filardi

Abstract

The key objective of this study was to select Oil & Gas projects contract strategies. The ANP method was used in order to achieve this objective. The candidate strategies had multiple, interrelated consequences and generated a series of impacts (technical, commercial and environmental). The study carried out by using the ANP added significant value to the company by making the evaluation and selection processes more transparent and efficient as well as by reducing environmental impacts and optimizing the use of natural resources. A working group was formed to analyze the possible contract strategies for a particularly complex project and an ex post facto analysis was performed. The case study was therefore developed in a setting of investment review by the working group including professionals from different subareas. Those professionals were responsible for recommending the most adequate contract strategy. The working group focused on four possible alternatives (A, B, C and D). However, A and B were discarded for not attending to the restrictions related to the necessary cash and debt impact. Therefore, only C and D were analyzed, taking into account the five criteria with greater relative weight: cost, performance, deadline, control, and number of interfaces. Besides those, other criteria had also a significant contribution to the study. A sensitivity analysis took into account the independence of clusters and did not change the ranking of the alternatives, leading to a robust solution of the problem.

Downloads

Download data is not yet available.

Article Details

Section
Articles
Author Biographies

Vinicius Maia de Jesus, Ibmec Business School

Equipment Engineer at Petrobras, Rio de Janeiro, Brazil.

Luiz Flavio Autran Monteiro Gomes, Ibmec Business School

Full Professor (since 2000) of Business Administration in the Ibmec School of Business and Economics, Rio de Janeiro, Brazil

Fernando Filardi, Ibmec Business School

Full Professor of Business Administration in the IBMEC School of Business and Economics, and the Federal University of the State of Rio de Janeiro (UNIRIO), Rio de Janeiro, Brazil.

References

BELTON, V.; STEWART, T. J. (2002) Multiple criteria decision: an integrated approach. New York: Springer.

BELTRÁN, P. A.; MELÓN, M. G.; VALERA, J. M. (2017) How to assess stakeholders’ influence in project management? A proposal based on the analytic network process. International Journal of Project Management, v. 35, p. 451–62.

BOATENG, P.; CHEN, Z.; OGUNLANA, S. O. (2015) An analytical network process model for risks prioritisation in megaprojects. International Journal of Project Management, v. 33, p. 1795–1811.

BOWER, D. (2003) Contract strategy, in: BOWER, D. (Ed.), Management of Procurement. London: Thomas Telford, p. 58–73.

CREATIVE DECISIONS FOUNDATION. Super Decisions, version 2.8 [s.l.]. Creative Decisions Foundation. Available: https://superdecisions.com/downloads/index.php?section=win2_8. Access: 5th November, 2017.

CRESWELL, J. W. (2010) Projeto de pesquisa: métodos qualitativo, quantitativo e misto. Porto Alegre: Artmed.

DHANUSHKODI, U. (2012) Contract strategy for construction projects. MSc thesis (Master in Construction Projects’ Management), Faculty of Engineering and Physical Sciences. Manchester: University of Manchester.

ERGU, D.; KOU, G.; SHI, Y.; SHI, Y. (2014) Analytic network process in risk assessment and decision analysis. Computers & Operations Research, v. 42, p. 58–74.

HSU, C. W.; CHEN, L. T.; HU, A. H.; CHANG, Y. M. (2012) Site selection for carbon dioxide geological storage using analytic network process. Separation and Purification Technology, v. 94, p. 146–53.

NEUMÜLLER, C.; KELLNER, F.; GUPTA, J. N. D.; LASCH, R. (2015) Integrating three-dimensional sustainability in distribution centre selection: the process analysis method-based analytic network process. International Journal of Production Research, v. 53, n. 2, p. 409–34.

OCAMPO, L. A.; SEVA, R. R. (2016) Using analytic network process for evaluating mobile text entry methods. Applied Ergonomics, v. 52, p. 232–41.

OFFICE OF GOVERNMENT COMMERCE. (2003) Procurement and contract strategies construction. Available: http://webarchive.nationalarchives.gov.uk/20110802161443/http://www.ogc.gov.uk/documents/CP0066AEGuide6.pdf. Access: 5th November, 2017.

ÖLÇER, M. G.; AKYOL, D. E. (2014) A MADM based decision support system for international contractor rating. Journal of Intelligent & Fuzzy Systems, v. 27, p. 2163–75.

PEKER, I.; BAKI, B.; TANYAS, M.; AR, I. M. (2016) Logistics center site selection by ANP/BOCR analysis: a case study of Turkey. Journal of Intelligent & Fuzzy Systems, v. 30, p. 2383–96.

PERRY, J. G. (1985) The development of contract strategies for construction projects. Dissertation (PhD), Faculty of Technology. Manchester: University of Manchester.

PROJECT MANAGEMENT INSTITUTE. (2013) PMBOK: um guia do conhecimento em gerenciamento de projetos. São Paulo: Saraiva.

SAATY, T. L. (1980) The analytic hierarchy process: planning, priority setting, resource allocation. New York: McGraw-Hill.

SAATY, T. L. (2008) The analytic network process. Iranian Journal of Research Operations, v. 1, n. 1, p. 1–27.

SAATY, T. L. (2009) Theory and applications of the analytic network process: decision making with benefits, opportunities, costs and risks. Pittsburgh: RWS Publication.

SENANTE, M. M.; GÓMEZ, T.; CABALLERO, R.; SANCHO, F. H.; GARRIDO, R. S. (2015) Assessment of wastewater treatment alternatives for small communities: an analytic network process approach. Science of the Total Environment, v. 532, p. 676–87.

STAKE, R. E. (1995) The art of case study research. Thousand Oaks: SAGE Publications.

U.S. ENERGY INFORMATION ADMINISTRATION. (2018) Petroleum & other liquids. Available: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RBRTE&f=D. Access: 26th February, 2018.

WRIGHT, D. (2002) Contract strategy and the contractor selection process, in: SMITH, N. J. (Ed.), Engineering Project Management. 2 ed. Hoboken: Wiley-Blackwell, p. 174–205.

فروشگاه اینترنتی