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New State of MCDM in the 21st Century pp 167–176Cite as

Examination of Decision Support Systems for Composite CBA and MCDA Assessments of Transport Infrastructure Projects

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Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 648))

Abstract

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.

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Notes

  1. 1.

    Ratio Estimation in Magnitudes or deci-Bells to Rate Alternatives which are Non-DominaTed.

  2. 2.

    Composite Model for Assessment.

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Author information

Authors and Affiliations

  1. Department of Transport, Technical University of Denmark, Bygningstorvet 115, 2800 Kgs., Lyngby, Denmark

    Michael Bruhn Barfod, Anders Vestergaard Jensen & Steen Leleur

Authors
  1. Michael Bruhn Barfod
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  2. Anders Vestergaard Jensen
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  3. Steen Leleur
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Corresponding author

Correspondence to Michael Bruhn Barfod .

Editor information

Editors and Affiliations

  1. Research Cntr on Fict. Econ. & Data Sci., Chinese Academy of Sciences, Zhongguancun East Road, No 80 Building 6, Room 203, Beijing, 10090, China, People's Republic

    Yong Shi

  2. College of Information Science and Technology, University of Nebraska at Omaha, Omaha, NE 68182, USA

    Yong Shi

  3. Academy of Mathematics and, Chinese Academy of Sciences, Zhonguancun East Road 55Haidian, Beijing, NE, 100190, China, People's Republic

    Shouyang Wang

  4. School of Management and Economics, University of Electr. Science & Technol., Zhonguancun East Road No. 55, Haidian, Chengdu, 610054, China, People's Republic

    Gang Kou PhD

  5. Aalto University School of Economics, 21210, 00076, Aalto, Finland

    Jyrki Wallenius

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Barfod, M.B., Jensen, A.V., Leleur, S. (2011). Examination of Decision Support Systems for Composite CBA and MCDA Assessments of Transport Infrastructure Projects. In: Shi, Y., Wang, S., Kou, G., Wallenius, J. (eds) New State of MCDM in the 21st Century. Lecture Notes in Economics and Mathematical Systems, vol 648. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-19695-9_14

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