Barfod, Michael Bruhn3; Jensen, Anders Vestergaard2; Leleur, Steen3
1 Decision Modelling, Department of Transport, Technical University of Denmark2 Department of Transport, Technical University of Denmark3 Department of Management Engineering, Technical University of Denmark
This paper examines decision support systems (DSS) for composite appraisals of transport infrastructure projects comprising both cost-benefit analysis (CBA) and multi-criteria decision analysis (MCDA). Two DSS, REMBRANDT and COSIMA, are in this context examined and compared using a case study dealing with alternatives for a new high-speed railway line in Sweden. The REMBRANDT system is based on multiplicative value functions and makes use of pair wise comparisons on both attribute and criteria level. The COSIMA system is based on additive value functions and makes use of the REMBRANDT technique using pair wise comparisons on attribute level and swing weights on criteria level. One difference between the two approaches is the focus the COSIMA system puts on combining the CBA and MCDA results influencing, among other things, the way that the final results are expressed. Finally, a recommendation for the use of DSS within transport infrastructure appraisals is set out.
Lecture Notes in Economics and Mathematical Systems: Mcdm 2009 Post Conference Proceeding, 2011
Multi-Criteria Decision Analysis; Decision Support Systems; REMBRANDT; COSIMA
Main Research Area:
The 20th International Conference on Multiple Criteria Decision Making : MCDM 2009