Multicriteria Evaluation Approaches to Urban Transportation Projects

Abstract

The major objective of this paper is to examine the applicability of multicriteria evaluation methods to automobile restraint types of transportation projects. The examination was performed through applying the three multicriteria evaluation methods—concordance analysis, the goals-achievement matrix and the compromise solution—to automobile restraint policies in the context of Seoul, Korea. The results of the research show that the methods employed have, despite certain drawbacks, considerable potential for assisting the decision-maker and others concerned with the transportation decision-making process. Their major advantage over traditional transportation evaluation methods is that they allow the consideration of a wider range of costs and benefits. The empirical analysis also illustrates the usefulness of including qualitative criteria into the evaluation framework without transforming them to a monetary dimension.