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Multi-criteria analysis in transport project evaluation: an institutional approach

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

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.

Suggested Citation

  • De Brucker, Klaas & Macharis, Cathy & Verbeke, Alain, 2011. "Multi-criteria analysis in transport project evaluation: an institutional approach," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 47, pages 3-24.
    • Handle: RePEc:sot:journl:y:2011:i:47:p:3-24
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    1. Giuseppe Munda, 2003. "Social Multi-Criteria Evaluation (SMCE)," UHE Working papers 2003_04, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    2. Amendola, Mario & Gaffard, Jean-Luc, 1998. "Out of Equilibrium," OUP Catalogue, Oxford University Press, number 9780198293804.
    3. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    4. Macharis, Cathy, 2004. "The importance of stakeholder analysis in freight transport," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 25-26, pages 114-126.
    5. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
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    Cited by:

    1. Mandic, Dragomir & Jovanovic, Predrag & Bugarinovic, Mirjana, 2014. "Two-phase model for multi-criteria project ranking: Serbian Railways case study," Transport Policy, Elsevier, vol. 36(C), pages 88-104.
    2. Laurent Guihéry & Florent Laroche, 2015. "Port Hinterland: the new role of railway transport. The betuwe line (Netherlands) [Hinterland portuaire : le nouveau rôle du fer. Une illustration avec la Betuwe line (Pays-Bas)]," Post-Print halshs-01474042, HAL.
    3. Janić Milan, 2020. "Multicriteria Evaluation of Intermodal (Rail/Road) Freight Transport Corridors," Logistics, Supply Chain, Sustainability and Global Challenges, Sciendo, vol. 11(1), pages 1-23, February.
    4. Jacek Zak & Miroslaw Kruszynski, 2021. "Comprehensive, Multiple Level Assessment and Multiple Criteria Ranking of Transportation Projects," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 5), pages 506-532.
    5. Sun, Hui & Zhang, Yiting & Wang, Yuning & Li, Lei & Sheng, Yun, 2015. "A social stakeholder support assessment of low-carbon transport policy based on multi-actor multi-criteria analysis: The case of Tianjin," Transport Policy, Elsevier, vol. 41(C), pages 103-116.
    6. Ofentse Mokwena, 2016. "Paratransit Mesoeconomy: Control Measures From The Supply Side?," Proceedings of Economics and Finance Conferences 3205591, International Institute of Social and Economic Sciences.
    7. Macharis, Cathy & Bernardini, Annalia, 2015. "Reviewing the use of Multi-Criteria Decision Analysis for the evaluation of transport projects: Time for a multi-actor approach," Transport Policy, Elsevier, vol. 37(C), pages 177-186.
    8. Laurent GUIHERY & Florent LAROCHE, 2015. "Hinterland Portuaire : Le Nouveau Rôle Du Fer. Une Illustration Avec La Betuweroute (Pays-Bas)," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 41, pages 163-173.
    9. Miroslaw Kruszynski & Jacek Zak, 2021. "Group-Oriented, Hierarchical and Multiple Criteria Evaluation of Urban Transportation Projects," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 5), pages 91-121.

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