A Composite Modelling Approach to Decision Support by the Use of the CBA-DK Model: The Hornsherred Case

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    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)