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 language | English |
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Journal | Procedia - Social and Behavioral Sciences |
Volume | 20 |
Pages (from-to) | 944-953 |
ISSN | 1877-0428 |
DOIs | |
Publication status | Published - 2011 |
Event | 26th Mini-EURO Conference : Decision Making in Transportation / Logistics: New Trends and Directions - Poznan, Poland Duration: 6 Sept 2011 → 9 Sept 2011 Conference number: 26 https://www.euro-online.org/media_site/reports/MEC26_Report.pdf |
Conference
Conference | 26th Mini-EURO Conference |
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Number | 26 |
Country/Territory | Poland |
City | Poznan |
Period | 06/09/2011 → 09/09/2011 |
Other | Held 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