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Reference-based ranking procedure for environmental decision making: insights from an ex-post analysis

Author

Listed:
  • Ferretti, Valentina
  • Liu, Jun
  • Mousseau, V
  • Ouerdane, W

Abstract

Preference elicitation is a challenging activity in any decision-making process, yet preferences are fundamental since the recommendations are meaningful and acceptable only if the Decision Maker's values are taken into account. This study proposes an ex-post application of a recent ranking method named Simple Ranking with Multiple Points (S-RMP) to support a participatory decision making process. The method has been tested on a real-world case study simulating the selection of the most suitable site for locating a new landfill. The purpose of the research is twofold: (i) to explore the applicability and relevance of the S-RMP method to support environmental decisionmaking processes and (ii) to provide guidelines for the elicitation of preference parameters of the S-RMP ranking method. The results highlight that the proposed method opens a promising line of research in the environmental decision-making domain, thanks to its ability to use heterogeneous information consistently with the increasing amount of qualitative data embedded in real decisionmaking processes.

Suggested Citation

  • Ferretti, Valentina & Liu, Jun & Mousseau, V & Ouerdane, W, 2017. "Reference-based ranking procedure for environmental decision making: insights from an ex-post analysis," LSE Research Online Documents on Economics 85933, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:85933
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    File URL: http://eprints.lse.ac.uk/85933/
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    landfill location; multiple criteria decision analysis; preference learning; orginal data;
    All these keywords.

    JEL classification:

    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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