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A Multiattribute Index for Assessing Environmental Impacts of Regional Development Projects: A Case Study of Korea

Author

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  • SEUNG-JUN KWAK

    (Department of Economics, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul, 136-701, Korea)

  • SEUNG-HOON YOO

    (Division of Economics and Commerce, Hoseo University, 120-1 San, Anseo-Dong, Cheonan, Chungnam, 330-180, Korea)

  • CHUL-OH SHIN

    (Department of Economics, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul, 136-701, Korea)

Abstract

Evaluating environmental impacts has become an increasingly vital part of environmental management. In the present study, a methodological procedure based on multiattribute utility theory (MAUT) has been applied to obtain a decision-maker's value index on assessment of the environmental impacts. The paper begins with an overview of MAUT. Next, we elicited strategic objectives and several important attributes, and then structured them into a hierarchy, with the aim of structuring and quantifying the basic values for the assessment. An environmental multiattribute index is constructed as a multiattribute utility function, based on value judgements provided by a decision-maker at the Korean Ministry of Environment (MOE). The implications of the results are useful for many aspects of MOE's environmental policies; identifying the strategic objectives and basic values; facilitating communication about the organization's priorities; and recognizing decision opportunities that face decision-makers of Korea.

Suggested Citation

  • Seung-Jun Kwak & Seung-Hoon Yoo & Chul-Oh Shin, 2002. "A Multiattribute Index for Assessing Environmental Impacts of Regional Development Projects: A Case Study of Korea," Environmental Management, Springer, vol. 29(2), pages 301-309, February.
    • Handle: RePEc:spr:envman:v:29:y:2002:i:2:d:10.1007_s00267-001-0022-2
    DOI: 10.1007/s00267-001-0022-2
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