Strategic Prioritization of Mining Policies in Colombia Through the Igor Hybrid Framework

26 Pages Posted: 6 May 2025

See all articles by Gloria Patricia Jaramillo

Gloria Patricia Jaramillo

affiliation not provided to SSRN

Ricardo Smith

affiliation not provided to SSRN

Linda Berrio-Giraldo

affiliation not provided to SSRN

Olga Tatiana Araque-Mendoza

affiliation not provided to SSRN

Carlos Correa-Florez

Pontifical Xavierian University

Santiago Arango-Aramburo

affiliation not provided to SSRN

Abstract

Strategic decision-making in the mining sector requires navigating complex trade-offs across social, environmental, economic, and governance dimensions—often under conditions of deep uncertainty. Traditional prioritization methods, while valuable, tend to operate in isolation and may fall short in addressing such multifaceted challenges. This paper introduces IGOR (Importance–Governance–Robustness), an integrated methodology designed to support the prioritization of public policy actions in uncertain and data-scarce contexts. IGOR combines four complementary tools: the Importance-Governance Matrix (IGM), Analytic Hierarchy Process (AHP), Tornado analysis, and Monte Carlo simulation. Together, they provide a robust framework that balances strategic relevance, institutional feasibility, and resilience to future uncertainties. The methodology was applied to Colombia’s National Mining Development Plan 2024-2025 (NMDP), evaluating over 100 actions across strategic objectives and lines. Criteria were developed collaboratively with national stakeholders to ensure contextual relevance and technical soundness. Results demonstrate IGOR’s capacity to generate transparent, structured prioritization scores, enabling the identification of high-impact, feasible, and resilient actions. Sensitivity analysis validated the robustness of prioritization outcomes under varying stakeholder preferences, reinforcing confidence in the results. IGOR emerges as a decision support tool that is both rigorous and adaptable. It offers a replicable approach for improving public policy planning in the mining sector and can be extended to other fields facing similar complexity and uncertainty.

Keywords: Decision support systems, Mining development strategies, Stakeholder analysis, IGOR methodology, Multicriteria decision analysis, Policy prioritization

Suggested Citation

Jaramillo, Gloria Patricia and Smith, Ricardo and Berrio-Giraldo, Linda and Araque-Mendoza, Olga Tatiana and Correa-Florez, Carlos and Arango-Aramburo, Santiago, Strategic Prioritization of Mining Policies in Colombia Through the Igor Hybrid Framework. Available at SSRN: https://ssrn.com/abstract=5242475 or http://dx.doi.org/10.2139/ssrn.5242475

Gloria Patricia Jaramillo

affiliation not provided to SSRN ( email )

Ricardo Smith

affiliation not provided to SSRN ( email )

Linda Berrio-Giraldo

affiliation not provided to SSRN ( email )

Olga Tatiana Araque-Mendoza

affiliation not provided to SSRN ( email )

Carlos Correa-Florez

Pontifical Xavierian University ( email )

Colombia

Santiago Arango-Aramburo (Contact Author)

affiliation not provided to SSRN ( email )

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