Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach

India has recently started shale exploration in fifty blocks of the country. The shale reserves are exploited by hydraulic fracturing. Most of the shale reserve regions are well-cultivated land for farming. Hydraulic fracturing technology requires a massive amount of water and land, making it contro...

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Autores principales:	Abdul Razzaq Abdul Ghaffar, Md. Raghib Nadeem, Md. Gulzarul Hasan
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Shale development Cost-benefit analysis Sustainable factors MCDM Best-worst method India Science (General) Q1-390
Acceso en línea:	https://doaj.org/article/45c24f2901eb43069315c59cfa3f317d
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spelling	oai:doaj.org-article:45c24f2901eb43069315c59cfa3f317d2021-11-18T04:43:51ZCost-benefit analysis of shale development in India: A best-worst method based MCDM approach1018-364710.1016/j.jksus.2021.101591https://doaj.org/article/45c24f2901eb43069315c59cfa3f317d2021-12-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S1018364721002536https://doaj.org/toc/1018-3647India has recently started shale exploration in fifty blocks of the country. The shale reserves are exploited by hydraulic fracturing. Most of the shale reserve regions are well-cultivated land for farming. Hydraulic fracturing technology requires a massive amount of water and land, making it controversial in a highly-populated country like India. In this work, the identification of consequences as cost and benefit due to the development of shale production has been carried out. In the existing literature, we have not found any work in the context of India concerning the identification and prioritization of cost and benefit factors due to shale production. This paper incorporates the environmental, economic, and social dimensions of shale development to assess its overall viability. A total of 24 factors (12 costs and 12 benefits) are identified based on an exhaustive literature review. Furthermore, these factors are evaluated and ranked using a multi-criteria decision-making method, i.e., the Best-Worst method. A priority-based taxonomy of factors and their respective categories with mapping to their individual local and global weights has also been presented. It has been found that economic benefit is the highly ranked category followed by environmental and social benefit, whereas in cost, the social cost is more important to emphasize, followed by environmental and economic cost. Among cost factors, “the disturbance of local ecosystem along with local communities” and among benefits “reduction of oil import bill” are the most critical factors. The “generation of high salaried jobs” and “high drilling cost” is the least important benefit and cost factor, respectively. The obtained results will help policymakers, researchers, industrialists, non-governmental organizations, etc., for better decision-making. The obtained results would also be of interest to those countries that are considering shale development.Abdul Razzaq Abdul GhaffarMd. Raghib NadeemMd. Gulzarul HasanElsevierarticleShale developmentCost-benefit analysisSustainable factorsMCDMBest-worst methodIndiaScience (General)Q1-390ENJournal of King Saud University: Science, Vol 33, Iss 8, Pp 101591- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Shale development Cost-benefit analysis Sustainable factors MCDM Best-worst method India Science (General) Q1-390
spellingShingle	Shale development Cost-benefit analysis Sustainable factors MCDM Best-worst method India Science (General) Q1-390 Abdul Razzaq Abdul Ghaffar Md. Raghib Nadeem Md. Gulzarul Hasan Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach
description	India has recently started shale exploration in fifty blocks of the country. The shale reserves are exploited by hydraulic fracturing. Most of the shale reserve regions are well-cultivated land for farming. Hydraulic fracturing technology requires a massive amount of water and land, making it controversial in a highly-populated country like India. In this work, the identification of consequences as cost and benefit due to the development of shale production has been carried out. In the existing literature, we have not found any work in the context of India concerning the identification and prioritization of cost and benefit factors due to shale production. This paper incorporates the environmental, economic, and social dimensions of shale development to assess its overall viability. A total of 24 factors (12 costs and 12 benefits) are identified based on an exhaustive literature review. Furthermore, these factors are evaluated and ranked using a multi-criteria decision-making method, i.e., the Best-Worst method. A priority-based taxonomy of factors and their respective categories with mapping to their individual local and global weights has also been presented. It has been found that economic benefit is the highly ranked category followed by environmental and social benefit, whereas in cost, the social cost is more important to emphasize, followed by environmental and economic cost. Among cost factors, “the disturbance of local ecosystem along with local communities” and among benefits “reduction of oil import bill” are the most critical factors. The “generation of high salaried jobs” and “high drilling cost” is the least important benefit and cost factor, respectively. The obtained results will help policymakers, researchers, industrialists, non-governmental organizations, etc., for better decision-making. The obtained results would also be of interest to those countries that are considering shale development.
format	article
author	Abdul Razzaq Abdul Ghaffar Md. Raghib Nadeem Md. Gulzarul Hasan
author_facet	Abdul Razzaq Abdul Ghaffar Md. Raghib Nadeem Md. Gulzarul Hasan
author_sort	Abdul Razzaq Abdul Ghaffar
title	Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach
title_short	Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach
title_full	Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach
title_fullStr	Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach
title_full_unstemmed	Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach
title_sort	cost-benefit analysis of shale development in india: a best-worst method based mcdm approach
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/45c24f2901eb43069315c59cfa3f317d
work_keys_str_mv	AT abdulrazzaqabdulghaffar costbenefitanalysisofshaledevelopmentinindiaabestworstmethodbasedmcdmapproach AT mdraghibnadeem costbenefitanalysisofshaledevelopmentinindiaabestworstmethodbasedmcdmapproach AT mdgulzarulhasan costbenefitanalysisofshaledevelopmentinindiaabestworstmethodbasedmcdmapproach
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Cost-benefit analysis of shale development in India: A best-worst method based MCDM approach

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