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

Publication: Research - peer-reviewConference article – Annual report year: 2011

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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.
Original languageEnglish
JournalLecture Notes in Economics and Mathematical Systems
Publication date2011
Volume648
Pages167-176
ISSN0075-8442
DOIs
StatePublished

Conference

ConferenceNew State of MCDM in the 21st Century : 20th International Conference on Multiple Criteria Decision Making
CityChengdu, China
Period01/01/09 → …
CitationsWeb of Science® Times Cited: No match on DOI

Keywords

  • Multi-criteria decision analysis, Decision support systems, REMBRANDT, COSIMA
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