Determine the Evaluation Rubric Weights using the Analytical Hierarchy Process Method for Oil and Gas Company Strategic Project

This study aims to establish a comprehensive evaluation framework for assessing project feasibility in logistics operations. The primary focus is on developing a set of criteria and assigning weights to each, ensuring a robust decision-making process. The key criteria include Safety & Asset Integrity, Net Present Value (NPV) Efficiency, Operational Supply, Operational Distribution, and Terminal & New Business Flexibility. The research utilizes the Analytic Hierarchy Process (AHP) method to obtain criteria weights. Data were collected through questionnaires filled out by experts, and the geometric mean (GM) was used to consolidate responses. The priority vector was then calculated to determine the relative importance of each criterion. To ensure the validity and consistency of the pairwise comparisons, consistency checks were performed using maximum eigenvalue (λ_max), Consistency Index (CI), and Consistency Ratio (CR). Only matrices with a CR below 0.1 were considered consistent. The results indicate that "Safety & Asset Integrity" is the most critical criterion, with a weight of 38%, followed by "NPV Efficiency" at 22%. Sub-criteria within each aspect were also weighted, revealing the importance of factors such as "Safety" (35%) and "Supply Options" (42%). Experts reviewed and approved the weighting process and evaluation metrics to ensure they aligned with real-world logistics priorities. In conclusion, the study successfully establishes a weighted rubric for logistics project evaluation, validated by expert feedback. This framework provides a structured and consistent approach for decision-makers to assess logistics projects based on multiple criteria, ensuring an informed and balanced evaluation.