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A range based Multi-Actor Multicriteria Analysis to incorporate uncertainty in stakeholder based evaluation processes

Author

Listed:
  • Gino Baudry

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Cathy Macharis

    (BUTO - Business Technology and Operations - VUB - Vrije Universiteit Brussel [Bruxelles])

  • Thomas Vallée

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

Abstract

Increasing concerns about environmental and social impacts have made multicriteria analysis (MCA) increasingly popular in decision making processes. The present paper proposes a new methodology which allows taking into account multicriteria aspects, stakeholder's preferences and long time horizon uncertainty. Relying on the MAMCA methodology developed by Macharis in 2000, we develop a new decision making support tool, the range based MAMCA. Within MAMCA, the different possible solutions or alternatives are evaluated on the objectives of the stakeholders. These evaluations can be however uncertain as there might be a lack of knowledge, lack of experience or future predications might be uncertain. By means of Monte Carlo Simulation a range based MAMCA approach is developed to generate several possible states of the world. While a classical MCA would have provided a single final ranking, encouraging the support of an alternative, which can either be the best or the worst one depending on its performance uncertainty in the long run. The range based MAMCA provides a wide range of possible rankings depending on the many possible states of the world. Thus, it provides scorings, rankings of alternatives and the probability they will occur. The new approach is described and shown by means of an illustrative case: the stakeholder support for different biofuel options.

Suggested Citation

  • Gino Baudry & Cathy Macharis & Thomas Vallée, 2014. "A range based Multi-Actor Multicriteria Analysis to incorporate uncertainty in stakeholder based evaluation processes," Working Papers hal-01010513, HAL.
  • Handle: RePEc:hal:wpaper:hal-01010513
    Note: View the original document on HAL open archive server: https://hal.science/hal-01010513
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    References listed on IDEAS

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    1. Michela Nardo & Michaela Saisana & Andrea Saltelli & Stefano Tarantola & Anders Hoffman & Enrico Giovannini, 2005. "Handbook on Constructing Composite Indicators: Methodology and User Guide," OECD Statistics Working Papers 2005/3, OECD Publishing.
    2. Doukas, Haris Ch. & Andreas, Botsikas M. & Psarras, John E., 2007. "Multi-criteria decision aid for the formulation of sustainable technological energy priorities using linguistic variables," European Journal of Operational Research, Elsevier, vol. 182(2), pages 844-855, October.
    3. De Brucker, Klaas & Macharis, Cathy & Verbeke, Alain, 2013. "Multi-criteria analysis and the resolution of sustainable development dilemmas: A stakeholder management approach," European Journal of Operational Research, Elsevier, vol. 224(1), pages 122-131.
    4. Munda, Giuseppe, 2004. "Social multi-criteria evaluation: Methodological foundations and operational consequences," European Journal of Operational Research, Elsevier, vol. 158(3), pages 662-677, November.
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    Cited by:

    1. Athanasios P. Vavatsikos & Kalliopi F. Sotiropoulou & Veniamin Tzingizis, 2022. "GIS-assisted suitability analysis combining PROMETHEE II, analytic hierarchy process and inverse distance weighting," Operational Research, Springer, vol. 22(5), pages 5983-6006, November.
    2. te Boveldt, Geert & Van Raemdonck, Koen & Macharis, Cathy, 2018. "A new railway tunnel under Brussels? Assessing political feasibility and desirability with competence-based multi criteria analysis," Transport Policy, Elsevier, vol. 66(C), pages 30-39.

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    Keywords

    Multi-criteria analysis; decision making; multi-actor multi criteria analysis; uncertainty; sustainable development; Monte Carlo Simulation.; Monte Carlo Simulation;
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