Reference-based ranking procedure for environmental decision making: insights from an ex-post analysis

Valentina Ferretti, Jun Liu, V Mousseau and W Ouerdane

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Preference elicitation is a challenging activity in any decision-making process, yet preferences are fundamental since the recommendations are meaningful and acceptable only if the Decision Maker's values are taken into account. This study proposes an ex-post application of a recent ranking method named Simple Ranking with Multiple Points (S-RMP) to support a participatory decision making process. The method has been tested on a real-world case study simulating the selection of the most suitable site for locating a new landfill. The purpose of the research is twofold: (i) to explore the applicability and relevance of the S-RMP method to support environmental decisionmaking processes and (ii) to provide guidelines for the elicitation of preference parameters of the S-RMP ranking method. The results highlight that the proposed method opens a promising line of research in the environmental decision-making domain, thanks to its ability to use heterogeneous information consistently with the increasing amount of qualitative data embedded in real decisionmaking processes.

Keywords: landfill location; multiple criteria decision analysis; preference learning; orginal data (search for similar items in EconPapers)
JEL-codes: J50 (search for similar items in EconPapers)
Date: 2017-10-16
New Economics Papers: this item is included in nep-env
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Published in Environmental Modelling and Software, 16, October, 2017, 99, pp. 11-24. ISSN: 1364-8152

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