Alternative comparison, analysis, and evaluation of solid waste and materials system alternatives

This paper presents a comprehensive analysis of the impact of solid waste technical options on values and objectives that are important to the public. It is written in support of the Solid Waste and Materials Systems Alternatives Study (WHC, 1995). Described are the values that were identified, the major programmatic risks, how the impacts were measured, the performance of alternatives, the methodology used for the analysis, and the implications of the results. Decision analysis was used to guide the collection and analysis of data and the logic of the evaluation. Decision analysis is a structured process for the analysis and evaluation of alternatives. It is theoretically grounded in a set of axioms that capture the basic principles of decision making (von Neuman and Morgenstern 1947). Decision analysis objectively specifies what factors are to be considered, how they are to be measured and evaluated, and heir relative importance. The result is an analysis in which the underlying rationale or logic upon which the decision is based is made explicit. This makes possible open discussion of the decision basis in which facts and values are clearly distinguished, resulting in a well- documented decision that can be clearly explained and justified. The strategy of decision analysis is to analyze the various components relevant to the decision separately and then integrate the individual judgments to arrive at an overall decision. This assures that all the relevant factors are identified and their relative importance is considered. The procedure for obtaining the individual judgments, and the decision rules, for combining them and evaluating alternatives, have both theoretical and empirical foundation in mathematics, economics, and psychology.