Comparing the output of cost benefit and multi-criteria analysis: An application to urban transport investments

Authors

Alejandro Tudela
Natalia Akiki
Rene Cisternas

Document Type

Journal Article

Publication Date

6-2006

Subject Area

land use - impacts, place - urban, planning - environmental impact, policy - environment

Keywords

multi-criteria analysis, analytic hierarchy process, stated preference, urban transport investments, decision making, transport environmental impacts

Abstract

This work compares the outcome of Cost Benefit Analysis and a Multi-Criteria method when applied to a transport project. The Analytic Hierarchy Process was used, utilising two approaches to derive the weights. Results show that the outcome of the Multi-Criteria method did not match the one suggested by the Cost Benefit Analysis, but it did match the final decision by the authority. An important conclusion has to do with the relevance of incorporating other aspects into the assessment, apart from the economic ones. Furthermore, public opinion should be taken into account explicitly into the decision making, providing accurate and timely information about projects.

Rights

Permission to publish the abstract given by Elsevier, copyright remains with them.

Comments

Transportation Research Part A Home Page: http://www.sciencedirect.com/science/journal/09658564

Recommended Citation

Tudela, A., Akiki, N., & Cisternas, R. (2006). Comparing the output of cost benefit and multi-criteria analysis: An application to urban transport investments. Transportation Research Part A, 40(5), 414-423.