Table of Contents

Handbook of Sustainable Development Planning

Handbook of Sustainable Development Planning

Studies in Modelling and Decision Support

Elgar original reference

Edited by M. A. Quaddus and M. A.B. Siddique

This authoritative Handbook comprehensively examines the current status and future directions of model-based systems in decision support and their application to sustainable development planning.

Chapter 7: Hierarchical Framework for Evaluating Mine Projects for Sustainability: A Case Study from India

M.A. Quaddus and Kampan Mukherjee

Subjects: business and management, management and sustainability, development studies, development economics, economics and finance, development economics, environmental economics, valuation, environment, environmental economics, environmental management, valuation


M.A. Quaddus and Kampan Mukherjee Introduction Sustainability and sustainable development had been the most sought-after policy objective for planners at the regional, national and international level in the last decade. Although there are several hundred definitions of sustainable development (Sun, 2000), the most common definition portrays it as the process of development which meets the needs of the present without compromising the ability to meet those of the future (WCED, 1987; Sun, 2000). Literature suggests that sustainable planning is typically undertaken by the top-level planners at the macro level. However, at the micro level (the project level and so on), sustainable planning is viewed as the process of interrelated decision-making which explicitly considers the sustainability decision criteria (van Pelt, 1993; McDaniels, 1994; Milne, 1996; Madu, 1999; Quaddus and Siddique, 2001). Various approaches are available to model micro-level sustainable planning such as project appraisal. In this chapter we develop a hierarchical framework for evaluating mine projects for sustainability. Borrowing the concepts from Quaddus and Siddique (2001), Madu (1999) and various literature on sustainablility, we first develop a generic framework and then present a specific application of the framework in the context of mine projects evaluation in India. The chapter is organized as follows. In the next section we present the background literature with respect to sustainable planning approaches at macro and micro level. An introduction to the Indian mining industry is also presented in this section. The integrated hierarchical framework for mine project evaluation is then developed based...

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