An interactive multiobjective decision support framework for transportation investment
File(s)
Date
2002-12Author
Tan, Paulin
William, Surekha
Chowdhury, Mashrur
Publisher
Midwest Regional University Transportation Center
Metadata
Show full item recordAbstract
This report presents a multiobjective decision framework to support the decision making process in transportation investment analysis. One
important capability of the multiobjective decision framework is that it allows many intangible objectives that are difficult to express on an
absolute numerical scale to be considered without the need to convert the units into monetary scale.
The proposed multiobjective decision framework allows a decision maker to select a reduced number of alternatives from a larger number of
all available alternatives while ensuring that the selected alternatives are the best possible options. This framework could also be used to
generate decision options for optimal allocation of resources between competing projects.
The proposed decision framework is based on three multiobjective analysis concepts: the Surrogate Worth Tradeoff method for continuous
decision problems and the Multiattribute Utility and Minimum Tolerance methods for discrete decision problems. These concepts help
decision makers choose among, prioritize, and generate the most feasible and optimal alternatives. The four case studies presented as
appendices demonstrate the application of the proposed decision framework to real-world projects.
Subject
Transportation planning
Optimization
Decision making
Case studies
Investments
Alternatives analysis
Strategic planning
Decision support systems
Permanent Link
http://digital.library.wisc.edu/1793/6913Description
116 p.