MCDA and Risk Analysis in Transport Infrastructure Appraisals: the Rail Baltica Case

Inga Ambrasaite, Michael Bruhn Barfod, Kim Bang Salling

    Research output: Contribution to journalConference articleResearchpeer-review

    Abstract

    This paper sets out a decision support system (DSS), COSIMA, involving the combination of cost-benefit analysis and multicriteria decision analysis (MCDA) for transport infrastructure appraisals embracing both economic and strategic impacts. However, some shortcomings appear in the methodology regarding the uncertainties embedded within the criteria weights in the MCDA-part of COSIMA. Therefore, this paper presents the perspective of introducing risk analysis and Monte Carlo simulation to the weighting profile in the MCDA-part. The DSS is presented through a case study concerning alternatives for the construction of the Rail Baltica railway line through the Baltic countries and Poland.
    Original languageEnglish
    JournalProcedia - Social and Behavioral Sciences
    Volume20
    Pages (from-to)944-953
    ISSN1877-0428
    DOIs
    Publication statusPublished - 2011
    Event26th Mini-EURO Conference
    : Decision Making in Transportation / Logistics: New Trends and Directions
    - Poznan, Poland
    Duration: 6 Sep 20119 Sep 2011
    Conference number: 26
    https://www.euro-online.org/media_site/reports/MEC26_Report.pdf

    Conference

    Conference26th Mini-EURO Conference
    Number26
    Country/TerritoryPoland
    CityPoznan
    Period06/09/201109/09/2011
    OtherHeld jointly with 14th EURO Working Group on Transportation Meeting & 1st European Scientific Conference on Air Transport.
    Internet address

    Keywords

    • Composite Modelling Assessment
    • Multi-Criteria Decision Analysis
    • Cost-Benefit Analysis
    • Risk Analysis
    • Decision Support Systems

    Fingerprint

    Dive into the research topics of 'MCDA and Risk Analysis in Transport Infrastructure Appraisals: the Rail Baltica Case'. Together they form a unique fingerprint.

    Cite this