The Road to Prosperity: A Study on the Efficiency of Resource Allocation in China’s Expressway Construction

Xue Na Bu (), Tian Hong Zhang () and Shou Hong Zhang ()

Journal of Management World, 2021, vol. 2021, issue 3, 60-69

Abstract: This paper presents a new multi-objective mixed integer programming model to prioritize seven highway infrastructure projects. The proposed model explicitly incorporates socio-economics, uncertainty, resource constraints, and interdependencies to deal with the optimal transportation infrastructure project selection problem. Next, project prioritization is determined based on the ANP results, which reflect the interdependency between criteria and a set of feasible candidate projects. Finally, an empirical study of eastwest highway improvement program is conducted to illustrate how the modeling process proceeds. The results show that the proposed model can effectively support a transportation investment policy that best suits the goal of urban land redevelopment for highly urbanized settings. As such, the model can be generalized for other human settlement studies and illustrate the spatially complex characteristics of transportation networks as well as some of the difficulties raised with respect to priority of national capital improvement projects. The research will provide a useful reference for the study of the relationship between highways and regional economic development.

Keywords: Multi-objective Optimization; Multi-criteria Decision-making Problem; Public Administration; Urban Planning; Allocative Efficiency (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://managementworld.online/index.php/mw/article/view/161/159 (application/pdf)
Access to full texts is restricted to Journal of Management World

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjx:jomwor:v:2021:y:2021:i:3:p:60-69:id:161

Access Statistics for this article

More articles in Journal of Management World from Academia Publishing Group
Bibliographic data for series maintained by Lucía Aguado ().