A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model

The Hornsherred Case

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    Abstract

    This paper presents a decision support system for assessment of transport infrastructure projects. The composite modelling approach, COSIMA, combines a cost-benefit analysis by use of the CBA-DK model with multi-criteria analysis applying the AHP and SMARTER techniques. The modelling uncertainties are dealt with by use of a feasibility risk study elaborating over the decision-makers risk aversion towards a given problem. After these modelling principles a case study is examined with incorporation of a scenario analysis based upon various policy aspects. The final model outcome is presented both as a deterministic single point estimate and a stochastic interval result.
    Original languageEnglish
    Title of host publicationEuro XXII : Book of Abstracts
    VolumePrague, July 8-11, 2007
    Publication date2007
    Publication statusPublished - 2007
    Event22nd European Conference on Operational Research : Euro XXII - Prague
    Duration: 1 Jan 2007 → …

    Conference

    Conference22nd European Conference on Operational Research : Euro XXII
    CityPrague
    Period01/01/2007 → …

    Keywords

    • Analytical Hierarchy Process (AHP)
    • Cost-Benefit Analysis (CBA)
    • Monte Carlo Simulation (MCS)
    • Simple Multi-Attribute Rating Technique Exploiting Ranks (SMARTER)
    • Multi-Criteria Analysis (MCA)

    Cite this

    Barfod, M. B., Salling, K. B., & Leleur, S. (2007). A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model: The Hornsherred Case. In Euro XXII: Book of Abstracts (Vol. Prague, July 8-11, 2007)
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    title = "A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model: The Hornsherred Case",
    abstract = "This paper presents a decision support system for assessment of transport infrastructure projects. The composite modelling approach, COSIMA, combines a cost-benefit analysis by use of the CBA-DK model with multi-criteria analysis applying the AHP and SMARTER techniques. The modelling uncertainties are dealt with by use of a feasibility risk study elaborating over the decision-makers risk aversion towards a given problem. After these modelling principles a case study is examined with incorporation of a scenario analysis based upon various policy aspects. The final model outcome is presented both as a deterministic single point estimate and a stochastic interval result.",
    keywords = "Analytical Hierarchy Process (AHP), Cost-Benefit Analysis (CBA), Monte Carlo Simulation (MCS), Simple Multi-Attribute Rating Technique Exploiting Ranks (SMARTER), Multi-Criteria Analysis (MCA)",
    author = "Barfod, {Michael Bruhn} and Salling, {Kim Bang} and Steen Leleur",
    year = "2007",
    language = "English",
    volume = "Prague, July 8-11, 2007",
    booktitle = "Euro XXII",

    }

    Barfod, MB, Salling, KB & Leleur, S 2007, A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model: The Hornsherred Case. in Euro XXII: Book of Abstracts. vol. Prague, July 8-11, 2007, 22nd European Conference on Operational Research : Euro XXII, Prague, 01/01/2007.

    A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model : The Hornsherred Case. / Barfod, Michael Bruhn; Salling, Kim Bang; Leleur, Steen.

    Euro XXII: Book of Abstracts. Vol. Prague, July 8-11, 2007 2007.

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    TY - GEN

    T1 - A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model

    T2 - The Hornsherred Case

    AU - Barfod, Michael Bruhn

    AU - Salling, Kim Bang

    AU - Leleur, Steen

    PY - 2007

    Y1 - 2007

    N2 - This paper presents a decision support system for assessment of transport infrastructure projects. The composite modelling approach, COSIMA, combines a cost-benefit analysis by use of the CBA-DK model with multi-criteria analysis applying the AHP and SMARTER techniques. The modelling uncertainties are dealt with by use of a feasibility risk study elaborating over the decision-makers risk aversion towards a given problem. After these modelling principles a case study is examined with incorporation of a scenario analysis based upon various policy aspects. The final model outcome is presented both as a deterministic single point estimate and a stochastic interval result.

    AB - This paper presents a decision support system for assessment of transport infrastructure projects. The composite modelling approach, COSIMA, combines a cost-benefit analysis by use of the CBA-DK model with multi-criteria analysis applying the AHP and SMARTER techniques. The modelling uncertainties are dealt with by use of a feasibility risk study elaborating over the decision-makers risk aversion towards a given problem. After these modelling principles a case study is examined with incorporation of a scenario analysis based upon various policy aspects. The final model outcome is presented both as a deterministic single point estimate and a stochastic interval result.

    KW - Analytical Hierarchy Process (AHP)

    KW - Cost-Benefit Analysis (CBA)

    KW - Monte Carlo Simulation (MCS)

    KW - Simple Multi-Attribute Rating Technique Exploiting Ranks (SMARTER)

    KW - Multi-Criteria Analysis (MCA)

    M3 - Article in proceedings

    VL - Prague, July 8-11, 2007

    BT - Euro XXII

    ER -

    Barfod MB, Salling KB, Leleur S. A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model: The Hornsherred Case. In Euro XXII: Book of Abstracts. Vol. Prague, July 8-11, 2007. 2007