Importance of criteria weights in composite appraisal of transport projects – a robustness analysis

Anders Vestergaard Jensen

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

    Abstract

    This paper presents a framework for estimating the robustness of appraisal of transport projects using composite appraisal methodology which makes use of both cost benefit analysis (CBA) and multi criteria analysis (MCA). The setting of criteria weights in MCA is often seen as the most subjective part of the analysis and is frequently a subject for discussion. The examined methodology makes use of importance order for setting the criteria weights; thereby only a ranking of the criteria after importance is required from the involved decision makers or stakeholders. In some cases the setting of criteria weights can make a big difference in the resulting assessment of alternatives. It is concluded that it is highly relevant to examine the criteria weights for estimating the robustness of the assessment.
    Original languageEnglish
    Title of host publicationImportance of criteria weights in composite appraisal of transport projects – a robustness analysis
    Publication date2010
    Publication statusPublished - 2010
    EventMini-EURO Conference : Uncertainty and Robustness in Planning and Decision Making - Coimbra, Portugal
    Duration: 1 Jan 2010 → …
    Conference number: 25

    Conference

    ConferenceMini-EURO Conference : Uncertainty and Robustness in Planning and Decision Making
    Number25
    CityCoimbra, Portugal
    Period01/01/2010 → …

    Cite this

    Jensen, A. V. (2010). Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. In Importance of criteria weights in composite appraisal of transport projects – a robustness analysis
    Jensen, Anders Vestergaard. / Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. 2010.
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    title = "Importance of criteria weights in composite appraisal of transport projects – a robustness analysis",
    abstract = "This paper presents a framework for estimating the robustness of appraisal of transport projects using composite appraisal methodology which makes use of both cost benefit analysis (CBA) and multi criteria analysis (MCA). The setting of criteria weights in MCA is often seen as the most subjective part of the analysis and is frequently a subject for discussion. The examined methodology makes use of importance order for setting the criteria weights; thereby only a ranking of the criteria after importance is required from the involved decision makers or stakeholders. In some cases the setting of criteria weights can make a big difference in the resulting assessment of alternatives. It is concluded that it is highly relevant to examine the criteria weights for estimating the robustness of the assessment.",
    author = "Jensen, {Anders Vestergaard}",
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    booktitle = "Importance of criteria weights in composite appraisal of transport projects – a robustness analysis",

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    Jensen, AV 2010, Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. in Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. Mini-EURO Conference : Uncertainty and Robustness in Planning and Decision Making, Coimbra, Portugal, 01/01/2010.

    Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. / Jensen, Anders Vestergaard.

    Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. 2010.

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

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    T1 - Importance of criteria weights in composite appraisal of transport projects – a robustness analysis

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    AB - This paper presents a framework for estimating the robustness of appraisal of transport projects using composite appraisal methodology which makes use of both cost benefit analysis (CBA) and multi criteria analysis (MCA). The setting of criteria weights in MCA is often seen as the most subjective part of the analysis and is frequently a subject for discussion. The examined methodology makes use of importance order for setting the criteria weights; thereby only a ranking of the criteria after importance is required from the involved decision makers or stakeholders. In some cases the setting of criteria weights can make a big difference in the resulting assessment of alternatives. It is concluded that it is highly relevant to examine the criteria weights for estimating the robustness of the assessment.

    M3 - Article in proceedings

    BT - Importance of criteria weights in composite appraisal of transport projects – a robustness analysis

    ER -

    Jensen AV. Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. In Importance of criteria weights in composite appraisal of transport projects – a robustness analysis. 2010