Fuzzy multicriteria decision support for budget allocation in the transport sector |
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| Authors: | J Montero A D Pearman J Tejada |
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| Institution: | (1) Department of Statistics and OR, Faculty of Mathematics, Complutense University, 28040 Madrid, Spain;(2) School of Business and Economic Studies, University of Leeds, LS2 9JT Leeds, England;(3) Department of Statistics and OR, Faculty of Mathematics, Complutense University, 28040 Madrid, Spain |
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| Abstract: | Summary This paper compares two ways of providing decision support for the allocation of a fixed financial budget among a set of competing
highway investment proposals. The first, which is described only in outline, uses a broadly conventional, hierarchically structured
linear additive multicriteria model. The technical focus of the paper, however, is on the second, and approach based in fuzzy
multicriteria modelling. The thinking which led us to explore this approach is set out, together with the formal structure
of the model. The results of a small case study are given and an assessment is made of how decision makers' understanding
of the investment options available can be enhanced by using the two models in tandem. |
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| Keywords: | Linear additive value models fuzzy multicriteria models budget allocation transportation planning |
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