Risk-based prioritization of the Idaho National Engineering Laboratory Environmental Programs

This paper describes an application of a formal prioritization system to help the Idaho National Engineering Laboratory (INEL) allocate funds for environmental projects. The system, known as the Laboratory Integration and Prioritization System (LIPS), was jointly developed by Los Alamos National Laboratory (LANL), Lawrence Livermore National Laboratory (LLNL), Sandia National Laboratories (SNL), and the US Department of Energy (DOE). LIPS is based on a formal approach for multi-criteria decision-making known as multiattribute utility analysis. The system is designed to provide a logical, practical, and equitable means for estimating and comparing the benefits to be obtained from funding project work.