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Multi-criteria analysis in transport project evaluation: an institutional approach

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  • De Brucker, Klaas
  • Macharis, Cathy
  • Verbeke, Alain

Abstract

We demonstrate that multi-criteria analysis (MCA), though initially developed in the operations research field, can be usefully applied within the context of the stakeholder-driven or institutional approach to transport project evaluation. We first compare the features of the institutional and neoclassical approaches to economic evaluation. We then identify a number of conditions to be fulfilled for the institutional approach to result in a social optimum that is neutral from a distributional perspective. Such an optimum may not have been intentionally pursued, but may eventually arise as a by-product of the actions of self-interested, individual stakeholder groups. We illustrate the relevance of our approach through a number of recent case studies. Policy makers can use our findings as an input for designing formal decision-making processes, geared towards including stakeholder objectives in transport project evaluation.

Suggested Citation

  • De Brucker, Klaas & Macharis, Cathy & Verbeke, Alain, 2011. "Multi-criteria analysis in transport project evaluation: an institutional approach," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 47, pages 3-24.
    • Handle: RePEc:sot:journl:y:2011:i:47:p:3-24
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    File URL: http://hdl.handle.net/10077/6171
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    References listed on IDEAS

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    1. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
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    4. Giuseppe Munda, 2003. "Social Multi-Criteria Evaluation (SMCE)," UHE Working papers 2003_04, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    5. Macharis, Cathy, 2004. "The importance of stakeholder analysis in freight transport," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 25-26, pages 114-126.
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    Citations

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    Cited by:

    1. Mandic, Dragomir & Jovanovic, Predrag & Bugarinovic, Mirjana, 2014. "Two-phase model for multi-criteria project ranking: Serbian Railways case study," Transport Policy, Elsevier, vol. 36(C), pages 88-104.
    2. Laurent Guihéry & Florent Laroche, 2015. "Port Hinterland: the new role of railway transport. The betuwe line (Netherlands) [Hinterland portuaire : le nouveau rôle du fer. Une illustration avec la Betuwe line (Pays-Bas)]," Post-Print halshs-01474042, HAL.
    3. Janić Milan, 2020. "Multicriteria Evaluation of Intermodal (Rail/Road) Freight Transport Corridors," Logistics, Supply Chain, Sustainability and Global Challenges, Sciendo, vol. 11(1), pages 1-23, February.
    4. Jacek Zak & Miroslaw Kruszynski, 2021. "Comprehensive, Multiple Level Assessment and Multiple Criteria Ranking of Transportation Projects," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 5), pages 506-532.
    5. Macharis, Cathy & Bernardini, Annalia, 2015. "Reviewing the use of Multi-Criteria Decision Analysis for the evaluation of transport projects: Time for a multi-actor approach," Transport Policy, Elsevier, vol. 37(C), pages 177-186.
    6. Laurent GUIHERY & Florent LAROCHE, 2015. "Hinterland Portuaire : Le Nouveau Rôle Du Fer. Une Illustration Avec La Betuweroute (Pays-Bas)," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 41, pages 163-173.
    7. Miroslaw Kruszynski & Jacek Zak, 2021. "Group-Oriented, Hierarchical and Multiple Criteria Evaluation of Urban Transportation Projects," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 5), pages 91-121.
    8. Sun, Hui & Zhang, Yiting & Wang, Yuning & Li, Lei & Sheng, Yun, 2015. "A social stakeholder support assessment of low-carbon transport policy based on multi-actor multi-criteria analysis: The case of Tianjin," Transport Policy, Elsevier, vol. 41(C), pages 103-116.
    9. Ofentse Mokwena, 2016. "Paratransit Mesoeconomy: Control Measures From The Supply Side?," Proceedings of Economics and Finance Conferences 3205591, International Institute of Social and Economic Sciences.

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