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Examination of Decision Support Systems for Composite CBA and MCDA Assessments of Transport Infrastructure Projects

In: New State of MCDM in the 21st Century

Author

Listed:
  • Michael Bruhn Barfod

    (Technical University of Denmark)

  • Anders Vestergaard Jensen

    (Technical University of Denmark)

  • Steen Leleur

    (Technical University of Denmark)

Abstract

This paper examines decision support systems (DSS) for composite appraisals of transport infrastructure projects comprising both cost-benefit analysis (CBA) and multi-criteria decision analysis (MCDA). Two DSS, REMBRANDT and COSIMA, are in this context examined and compared using a case study dealing with alternatives for a new high-speed railway line in Sweden. The REMBRANDT system is based on multiplicative value functions and makes use of pair wise comparisons on both attribute and criteria level. The COSIMA system is based on additive value functions and makes use of the REMBRANDT technique using pair wise comparisons on attribute level and swing weights on criteria level. One difference between the two approaches is the focus the COSIMA system puts on combining the CBA and MCDA results influencing, among other things, the way that the final results are expressed. Finally, a recommendation for the use of DSS within transport infrastructure appraisals is set out.

Suggested Citation

  • Michael Bruhn Barfod & Anders Vestergaard Jensen & Steen Leleur, 2011. "Examination of Decision Support Systems for Composite CBA and MCDA Assessments of Transport Infrastructure Projects," Lecture Notes in Economics and Mathematical Systems, in: Yong Shi & Shouyang Wang & Gang Kou & Jyrki Wallenius (ed.), New State of MCDM in the 21st Century, chapter 0, pages 167-176, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-19695-9_14
    DOI: 10.1007/978-3-642-19695-9_14
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    Citations

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    Cited by:

    1. Michael Bruhn Barfod & Robin van den Honert & Kim Bang Salling, 2016. "Modeling Group Perceptions Using Stochastic Simulation: Scaling Issues in the Multiplicative AHP," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(02), pages 453-474, March.
    2. Elzbieta Broniewicz & Karolina Ogrodnik, 2021. "A Comparative Evaluation of Multi-Criteria Analysis Methods for Sustainable Transport," Energies, MDPI, vol. 14(16), pages 1-23, August.

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