Ward, EJ;
Dimitriou, HT;
Dean, M;
(2016)
Presenting the case for the application of multi-criteria analysis to mega transport infrastructure project appraisal.
Research in Transportation Economics
, 58
pp. 7-20.
10.1016/j.retrec.2016.08.002.
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Abstract
The paper commences with an overview of mega transport infrastructure decision-making as it relates to the megaproject development cycle and challenges of sustainable development, which are increasingly redefining the criterion for the evaluation of project success. The body of the paper presents a brief critique of various appraisal applications to mega transport infrastructure projects, including: Social Cost Benefit Analysis; Cost Effectiveness Analysis; Goal Achievement Matrix Methods and the Planning Balance Sheet, highlighting the merits and demerits of the outlined approaches. Here particular reference is made to the power of context on decision-making and other lessons from OMEGA Centre research. These include, most importantly, the treatment of risk, uncertainty and complexity of developments outside of the project and the challenges of meeting multiple stakeholder aspirations/needs thereby building up the case for the introduction and use of multi-criteria analysis and policy-led multi-criteria analysis to the appraisal of Mega Transport Projects.
| Type: | Article |
|---|---|
| Title: | Presenting the case for the application of multi-criteria analysis to mega transport infrastructure project appraisal |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.retrec.2016.08.002 |
| Publisher version: | http://dx.doi.org/10.1016/j.retrec.2016.08.002 |
| Language: | English |
| Additional information: | Copyright © 2016. This manuscript version is published under a Creative Commons Attribution Non-commercial Non-derivative 4.0 International licence (CC BY-NC-ND 4.0). This licence allows you to share, copy, distribute and transmit the work for personal and non-commercial use providing author and publisher attribution is clearly stated. Further details about CC BY licences are available at http://creativecommons.org/licenses/by/4.0. Access may be initially restricted by the publisher. |
| Keywords: | Project appraisal; Challenges of sustainable development; Social cost benefit analysis; Multiple criteria analysis |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/1514547 |
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