A method for multi-criteria analysis in transportation infrastructure investments

Tsamboulas, DA; Yiotis, G; Mikroudis, G

dc.contributor.author	Tsamboulas, DA	en
dc.contributor.author	Yiotis, G	en
dc.contributor.author	Mikroudis, G	en
dc.date.accessioned	2014-03-01T01:25:41Z
dc.date.available	2014-03-01T01:25:41Z
dc.date.issued	2007	en
dc.identifier.issn	0391-8440	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/17728
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-33847272508&partnerID=40&md5=b891cc443bfdd56e24ee061311ec3d3f	en
dc.subject.classification	Economics	en
dc.subject.classification	Transportation	en
dc.subject.other	investment	en
dc.subject.other	methodology	en
dc.subject.other	multicriteria analysis	en
dc.subject.other	performance assessment	en
dc.subject.other	project assessment	en
dc.subject.other	transportation infrastructure	en
dc.title	A method for multi-criteria analysis in transportation infrastructure investments	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	2007	en
heal.abstract	The present paper presents a method for Transportaion Infrastructure investment evaluation/appraisal, which belongs to the category of Multi-criteria Analysis (MCA) methods. Its structuring is based on certain considerations related to broader multi-criteria analysis, but it proposes ways to overcome some of the shortcomings of the well-established MCA methods. A basic concept of the proposed method is that equality holds in entities weighting among evaluation criteria. It introduces the utilisation weighting, which measures each project's grade-performance in a criterion in relation to its position in the whole grade-performance. Furthermore, it accepts that simple criteria may be classified in a broader criterion, on the basis of their performances within this broader criterion, and thus a representation between the evaluation criteria and the vectorial space is introduced lifting the constraint of perpendicularity. The method is introducing also for each evaluation criterion its particular rendering from a physical scale to an artificial one, which depends on criterion features. Thus, for each evaluation criterion the critical points (upper and lower limits) of physical scale must correspond to the artificial scale. A last feature of the proposed method is the introduction of the time dimension in the criteria values over the whole evaluation period. This is accomplished with the introduction of the time deviation factors, which incoporate the deviations of positive and negative impacts during the evaluation period. The applicability and the abilities of the proposed method are demonstrated with an example.	en
heal.publisher	ISTITUTI EDITORIALI E POLGRAFICI INTERNAZIONALI	en
heal.journalName	International Journal of Transport Economics	en
dc.identifier.isi	ISI:000244131400006	en
dc.identifier.volume	34	en
dc.identifier.issue	1	en
dc.identifier.spage	113	en
dc.identifier.epage	131	en