COMPARISON OF MULTICRITERIA OPTIMIZATION METHODS IN TRANSPORT PROJECT EVALUATION (ABRIDGEMENT)

The evaluation of transport projects frequently requires consideration of multiple criteria other than or in addition to economic efficiency. Nonetheless, few of the important methodological advances of recent years in the areas of multicriteria decision making and multicriteria optimization have been discussed in the literature about transport project evaluation. This paper compares certain key multicriteria optimization methods and illustrates their relative strengths and weaknesses through application to a hypothetical transport project in a developing country. In particular, the results of an earlier paper that compares the weighting method suggested by Zadeh and Marglin to the iterative preference-incorporation method of Geoffrion, Dyer, and Feinberg are combined with new analyses based on the constraint method suggested by Marglin and the yes-no iterative algorithm of Zionts and Wallenius. Conclusions are ddrawn concerning the relative attractiveness of these solution methods and the characteristics of an ideal multicriteria optimization optimization algorithm for the evaluation of transport projects. (Author) projects. (Author)

Media Info

  • Media Type: Print
  • Features: References;
  • Pagination: pp 38-41
  • Monograph Title: Transportation system analysis and planning 1980
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00322233
  • Record Type: Publication
  • ISBN: 0309030617
  • Files: TRIS, TRB
  • Created Date: Jan 19 2003 12:00AM