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 language | English |
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| Title of host publication | Euro XXII : Book of Abstracts |
| Volume | Prague, July 8-11, 2007 |
| Publication date | 2007 |
| Publication status | Published - 2007 |
| Event | 22nd European Conference on Operational Research : Euro XXII - Prague Duration: 1 Jan 2007 → … |
Conference
| Conference | 22nd European Conference on Operational Research : Euro XXII |
|---|---|
| City | Prague |
| Period | 01/01/2007 → … |
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)