Please use this identifier to cite or link to this item: http://hdl.handle.net/10077/6171
Title: Multi-criteria analysis in transport project evaluation: an institutional approach
Authors: De Brucker, Klaas
Macharis, Cathy
Verbeke, Alain
Keywords: Multi-criteria decision aidMulti-criteria analysisInstitutions;Institutional approachStakeholder
Issue Date: 2011
Publisher: EUT Edizioni Università di Trieste
Source: De Brucker, K., Macharis, C., Verbeke, A. (2011) Multi-criteria analysis in transport project evaluation: an institutional approach, European Transport \ Trasporti Europei, 47, pp. 3-24.
Series/Report no.: European Transport / Trasporti Europei
47
Abstract: We demonstrate that multi-criteria analysis (MCA), though initially developed in the operations research field, can be usefully applied within the context of the stakeholder-driven or institutional approach to transport project evaluation. We first compare the features of the institutional and neoclassical approaches to economic evaluation. We then identify a number of conditions to be fulfilled for the institutional approach to result in a social optimum that is neutral from a distributional perspective. Such an optimum may not have been intentionally pursued, but may eventually arise as a by-product of the actions of self-interested, individual stakeholder groups. We illustrate the relevance of our approach through a number of recent case studies. Policy makers can use our findings as an input for designing formal decision-making processes, geared towards including stakeholder objectives in transport project evaluation.
URI: http://hdl.handle.net/10077/6171
ISSN: 1825-3997
Appears in Collections:European Transport / Trasporti Europei (2011) 47/XVI

Files in This Item:
File Description SizeFormat 
47D_DeBruckerMacharisVerbeke.pdf248.77 kBAdobe PDFView/Open
Show full item record


CORE Recommender

Page view(s)

1,123
checked on Oct 15, 2018

Download(s)

5,937
checked on Oct 15, 2018

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.