There is a growing awareness that road investment appraisal, at both the project and network levels, requires joint consideration of multiple criteria which relate to engineering, economic, social, and environmental impacts. Several multi-criteria analytical methodologies exist for use at the project level. At the network level, strategies and works programmes need to be optimised under budget constraints by considering the set of relevant criteria. This paper presents a multi-criteria analysis (MCA) methodology that can be used to optimise road network investments using utility-cost ratio method. The MCA methodology is based upon the Analytical Hierarchy Process (AHP) technique, which systematically transforms the analysis of competing objectives into a series of simple comparisons between the constituent elements. The MCA methodology developed was applied to generate a work programme using a set of selected criteria to which relative weights of preference were assigned. The results obtained were compared to those of a similar work programme generated using the conventional economic analysis method in order to highlight the issue of effectiveness in road management and the use of an MCA tool to solve a classical multi-objective optimisation problem under budget constraints.

A multicriteria methodology for optimising road investments

DI GRAZIANO, ALESSANDRO;
2015-01-01

Abstract

There is a growing awareness that road investment appraisal, at both the project and network levels, requires joint consideration of multiple criteria which relate to engineering, economic, social, and environmental impacts. Several multi-criteria analytical methodologies exist for use at the project level. At the network level, strategies and works programmes need to be optimised under budget constraints by considering the set of relevant criteria. This paper presents a multi-criteria analysis (MCA) methodology that can be used to optimise road network investments using utility-cost ratio method. The MCA methodology is based upon the Analytical Hierarchy Process (AHP) technique, which systematically transforms the analysis of competing objectives into a series of simple comparisons between the constituent elements. The MCA methodology developed was applied to generate a work programme using a set of selected criteria to which relative weights of preference were assigned. The results obtained were compared to those of a similar work programme generated using the conventional economic analysis method in order to highlight the issue of effectiveness in road management and the use of an MCA tool to solve a classical multi-objective optimisation problem under budget constraints.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11769/13711
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