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Multi-criteria analysis and the resolution of sustainable development dilemmas: A stakeholder management approach

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  • De Brucker, Klaas
  • Macharis, Cathy
  • Verbeke, Alain
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    Abstract

    We demonstrate that stakeholder-oriented multi-criteria analysis (MCA) can adequately address a variety of sustainable development dilemmas in decision-making, especially when applied to complex project evaluations involving multiple objectives and multiple stakeholder groups. Such evaluations are typically geared towards satisfying simultaneously private economic goals, broader social objectives and environmental targets. We show that, under specific conditions, a variety of stakeholder-oriented MCA approaches may be able to contribute substantively to the resolution or improved governance of societal conflicts and the pursuit of the public good in the form of sustainable development. We contrast the potential usefulness of these stakeholder-oriented approaches – in terms of their ability to contribute to sustainable development – with more conventional MCA approaches and social cost–benefit analysis.

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    Bibliographic Info

    Article provided by Elsevier in its journal European Journal of Operational Research.

    Volume (Year): 224 (2013)
    Issue (Month): 1 ()
    Pages: 122-131

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    Handle: RePEc:eee:ejores:v:224:y:2013:i:1:p:122-131

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    Web page: http://www.elsevier.com/locate/eor

    Related research

    Keywords: Multi-criteria analysis; Stakeholder management; Institutional economics; Sustainable development; Ethics;

    References

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    1. Sen, Amartya Kumar, 2000. "The Discipline of Costâ€Benefit Analysis," Scholarly Articles 3444801, Harvard University Department of Economics.
    2. Brugha, Cathal M., 2000. "Relative measurement and the power function," European Journal of Operational Research, Elsevier, vol. 121(3), pages 627-640, March.
    3. Brans, J. P. & Vincke, Ph. & Mareschal, B., 1986. "How to select and how to rank projects: The method," European Journal of Operational Research, Elsevier, vol. 24(2), pages 228-238, February.
    4. Brugha, Cathal M., 2004. "Phased multicriteria preference finding," European Journal of Operational Research, Elsevier, vol. 158(2), pages 308-316, October.
    5. Macharis, Cathy & Springael, Johan & De Brucker, Klaas & Verbeke, Alain, 2004. "PROMETHEE and AHP: The design of operational synergies in multicriteria analysis.: Strengthening PROMETHEE with ideas of AHP," European Journal of Operational Research, Elsevier, vol. 153(2), pages 307-317, March.
    6. Thaler, Richard, 1980. "Toward a positive theory of consumer choice," Journal of Economic Behavior & Organization, Elsevier, vol. 1(1), pages 39-60, March.
    7. Sen, Amartya, 2000. "The Discipline of Cost-Benefit Analysis," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 931-52, June.
    8. Bertrand Mareschal & Jean Pierre Brans & Philippe Vincke, 1986. "How to select and how to rank projects: the Prométhée method," ULB Institutional Repository 2013/9307, ULB -- Universite Libre de Bruxelles.
    9. Thomas L. Saaty, 1986. "Axiomatic Foundation of the Analytic Hierarchy Process," Management Science, INFORMS, vol. 32(7), pages 841-855, July.
    10. Frank, Robert H, 1985. "The Demand for Unobservable and Other Nonpositional Goods," American Economic Review, American Economic Association, vol. 75(1), pages 101-16, March.
    11. Bana e Costa, Carlos A. & Ensslin, Leonardo & Correa, Emerson C. & Vansnick, Jean-Claude, 1999. "Decision Support Systems in action: Integrated application in a multicriteria decision aid process," European Journal of Operational Research, Elsevier, vol. 113(2), pages 315-335, March.
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    Cited by:
    1. Gino Baudry & Cathy Macharis & Thomas Vallée, 2014. "A range based Multi-Actor Multicriteria Analysis to incorporate uncertainty in stakeholder based evaluation processes," Working Papers hal-01010513, HAL.

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