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Making Decisions in a Sustainable Development Context: A State-of-the-Art Survey and Proposal of a Multi-period Single Synthesizing Criterion Approach

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Abstract

Making sustainable decisions is a major concern for government departments seeking to develop best practices and innovative methods to deal with complex decision-making problems. This article is concerned with decision-making in sustainable development contexts, which must guarantee a long-term balance between environmental integrity, social equality and economic efficiency, in addition to evaluating options over the short, medium and long term. This article provides an up-to-date survey of research that evaluates the sustainability of decisions and puts forward an innovative multi-period single synthesizing criterion approach for selecting projects in sustainable development contexts. The proposed approach is then used to select the best compromise out of several sustainable forest management options while considering economic benefits, environmental impact and decision-maker preferences.

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Notes

  1. Multi-Attribute Utility Theory (MAUT).

  2. Simple Multi-Attribute Rating Technique (SMART).

  3. Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS).

  4. Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH).

  5. Analytical Hierarchy Process (AHP).

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Acknowledgements

This research was funded by the Fonds institutionnel de recherche de l’Université du Québec À Rimouski (UQAR).

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  1. Unité départementale des sciences de la gestion, Université du Québec à Rimouski, Lévis, Canada

    Anissa Frini

  2. École de gestion Telfer, Université d’Ottawa, Ottawa, Canada

    Sarah Benamor

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  1. Anissa Frini
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Correspondence to Anissa Frini.

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Frini, A., Benamor, S. Making Decisions in a Sustainable Development Context: A State-of-the-Art Survey and Proposal of a Multi-period Single Synthesizing Criterion Approach. Comput Econ 52, 341–385 (2018). https://doi.org/10.1007/s10614-017-9677-5

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