IDEAS home Printed from https://ideas.repec.org/a/eee/trapol/v30y2013icp1-12.html
   My bibliography  Save this article

Multi-entity perspective transportation infrastructure investment decision making

Author

Listed:
  • Mishra, Sabyasachee
  • Khasnabis, Snehamay
  • Swain, Subrat

Abstract

Investment in new large transportation infrastructure is capital-intensive and irreversible in nature. Private sector participation in infrastructure investment has gained popularity in recent times because of scarcity of resources at the public sector, and because of the ability of the private sector to build, operate, maintain such facilities, and share future uncertainties. In such cases, there are multiple entities each with different objectives in the project. Traditional techniques used to determine feasibility of such projects and do not consider two critical elements. These are the need (1) to identify major entities involved in these projects and their individual objectives, and (2) the importance of analyzing measures of effectiveness of each entity in a multi-objective context. A framework is proposed to address these issues along with a set of relaxation policies to reflect the nature and level of participation by the entities.

Suggested Citation

  • Mishra, Sabyasachee & Khasnabis, Snehamay & Swain, Subrat, 2013. "Multi-entity perspective transportation infrastructure investment decision making," Transport Policy, Elsevier, vol. 30(C), pages 1-12.
    • Handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:1-12
    DOI: 10.1016/j.tranpol.2013.07.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0967070X13000991
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tranpol.2013.07.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hafeez, Khalid & Zhang, YanBing & Malak, Naila, 2002. "Determining key capabilities of a firm using analytic hierarchy process," International Journal of Production Economics, Elsevier, vol. 76(1), pages 39-51, March.
    2. Liu, Fuh-Hwa Franklin & Hai, Hui Lin, 2005. "The voting analytic hierarchy process method for selecting supplier," International Journal of Production Economics, Elsevier, vol. 97(3), pages 308-317, September.
    3. Yang, Hai & Meng, Qiang, 2000. "Highway pricing and capacity choice in a road network under a build-operate-transfer scheme," Transportation Research Part A: Policy and Practice, Elsevier, vol. 34(3), pages 207-222, April.
    4. Lee, Haijune & Simin Pulat, P., 1991. "Bicriteria network flow problems: Continuous case," European Journal of Operational Research, Elsevier, vol. 51(1), pages 119-126, March.
    5. Doerner, K.F. & Gutjahr, W.J. & Hartl, R.F. & Strauss, C. & Stummer, C., 2006. "Pareto ant colony optimization with ILP preprocessing in multiobjective project portfolio selection," European Journal of Operational Research, Elsevier, vol. 171(3), pages 830-841, June.
    6. Y. P. Aneja & K. P. K. Nair, 1979. "Bicriteria Transportation Problem," Management Science, INFORMS, vol. 25(1), pages 73-78, January.
    7. Ghoseiri, Keivan & Szidarovszky, Ferenc & Asgharpour, Mohammad Jawad, 2004. "A multi-objective train scheduling model and solution," Transportation Research Part B: Methodological, Elsevier, vol. 38(10), pages 927-952, December.
    8. Ehrgott, Matthias & Wang, Judith Y.T. & Raith, Andrea & van Houtte, Chris, 2012. "A bi-objective cyclist route choice model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(4), pages 652-663.
    9. Forman, Ernest & Peniwati, Kirti, 1998. "Aggregating individual judgments and priorities with the analytic hierarchy process," European Journal of Operational Research, Elsevier, vol. 108(1), pages 165-169, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hijdra, Arjan & Woltjer, Johan & Arts, Jos, 2015. "Troubled waters: An institutional analysis of ageing Dutch and American waterway infrastructure," Transport Policy, Elsevier, vol. 42(C), pages 64-74.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yang, X. Q. & Goh, C. J., 1997. "A method for convex curve approximation," European Journal of Operational Research, Elsevier, vol. 97(1), pages 205-212, February.
    2. Sedeno-Noda, A. & Gonzalez-Martin, C. & Gutierrez, J., 2005. "The biobjective undirected two-commodity minimum cost flow problem," European Journal of Operational Research, Elsevier, vol. 164(1), pages 89-103, July.
    3. Rhoma Dwi Aria Yuliantri & Anggit Darmatadara, 2015. "Political Battle of Mass Media Critical Discourse Analysis: Suara Partai Masjumi Magazine and Bintang Merah Magazine in 1951," European Journal of Interdisciplinary Studies Articles, Revistia Research and Publishing, vol. 1, ejis_v1_i.
    4. Sedeno-Noda, A. & Gonzalez-Martin, C., 2000. "The biobjective minimum cost flow problem," European Journal of Operational Research, Elsevier, vol. 124(3), pages 591-600, August.
    5. Vaidya, Omkarprasad S. & Kumar, Sushil, 2006. "Analytic hierarchy process: An overview of applications," European Journal of Operational Research, Elsevier, vol. 169(1), pages 1-29, February.
    6. Hamacher, Horst W. & Pedersen, Christian Roed & Ruzika, Stefan, 2007. "Multiple objective minimum cost flow problems: A review," European Journal of Operational Research, Elsevier, vol. 176(3), pages 1404-1422, February.
    7. Natalie M. Scala & Jayant Rajgopal & Luis G. Vargas & Kim LaScola Needy, 2016. "Group Decision Making with Dispersion in the Analytic Hierarchy Process," Group Decision and Negotiation, Springer, vol. 25(2), pages 355-372, March.
    8. Chinho Lin & Ming-Lung Hsu & David C. Yen & Ping-Jung Hsieh & Hua-Ling Tsai & Tsung-Hsien Kuo, 2013. "Prototype system for pursuing firm’s core capability," Information Systems Frontiers, Springer, vol. 15(3), pages 497-509, July.
    9. Pishchulov, Grigory & Trautrims, Alexander & Chesney, Thomas & Gold, Stefan & Schwab, Leila, 2019. "The Voting Analytic Hierarchy Process revisited: A revised method with application to sustainable supplier selection," International Journal of Production Economics, Elsevier, vol. 211(C), pages 166-179.
    10. Albrecht, Amie & Howlett, Phil & Pudney, Peter & Vu, Xuan & Zhou, Peng, 2016. "The key principles of optimal train control—Part 1: Formulation of the model, strategies of optimal type, evolutionary lines, location of optimal switching points," Transportation Research Part B: Methodological, Elsevier, vol. 94(C), pages 482-508.
    11. Minghe Sun, 2005. "Warm-Start Routines for Solving Augmented Weighted Tchebycheff Network Programs in Multiple-Objective Network Programming," INFORMS Journal on Computing, INFORMS, vol. 17(4), pages 422-437, November.
    12. S. Dutta & S. Acharya & Rajashree Mishra, 2016. "Genetic algorithm based fuzzy stochastic transportation programming problem with continuous random variables," OPSEARCH, Springer;Operational Research Society of India, vol. 53(4), pages 835-872, December.
    13. Yang, Hai & Huang, Hai-Jun, 2004. "The multi-class, multi-criteria traffic network equilibrium and systems optimum problem," Transportation Research Part B: Methodological, Elsevier, vol. 38(1), pages 1-15, January.
    14. Zhong, Tao & Young, Rhonda, 2010. "Multiple Choice Knapsack Problem: Example of planning choice in transportation," Evaluation and Program Planning, Elsevier, vol. 33(2), pages 128-137, May.
    15. Pablo Aragonés‐Beltrán & Mª. Carmen González‐Cruz & Astrid León‐Camargo & Rosario Viñoles‐Cebolla, 2023. "Assessment of regional development needs according to criteria based on the Sustainable Development Goals in the Meta Region (Colombia)," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 1101-1121, April.
    16. Kang, Chao-Chung & Feng, Cheng-Min & Kuo, Chiu-Yen, 2012. "Comparison of royalty methods for build–operate–transfer projects from a negotiation perspective," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(4), pages 830-842.
    17. Aritra Pal & Hadi Charkhgard, 2019. "A Feasibility Pump and Local Search Based Heuristic for Bi-Objective Pure Integer Linear Programming," INFORMS Journal on Computing, INFORMS, vol. 31(1), pages 115-133, February.
    18. Eleonora Bottani & Piera Centobelli & Teresa Murino & Ehsan Shekarian, 2018. "A QFD-ANP Method for Supplier Selection with Benefits, Opportunities, Costs and Risks Considerations," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 17(03), pages 911-939, May.
    19. Dobos, Imre & Vörösmarty, Gyöngyi, 2014. "Green supplier selection and evaluation using DEA-type composite indicators," International Journal of Production Economics, Elsevier, vol. 157(C), pages 273-278.
    20. Karami, Ezatollah, 2006. "Appropriateness of farmers' adoption of irrigation methods: The application of the AHP model," Agricultural Systems, Elsevier, vol. 87(1), pages 101-119, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:1-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.