Multi-entity perspective transportation infrastructure investment decision making

Sabyasachee Mishra, Snehamay Khasnabis and Subrat Swain

Transport Policy, 2013, vol. 30, issue C, 1-12

Abstract: Investment in new large transportation infrastructure is capital-intensive and irreversible in nature. Private sector participation in infrastructure investment has gained popularity in recent times because of scarcity of resources at the public sector, and because of the ability of the private sector to build, operate, maintain such facilities, and share future uncertainties. In such cases, there are multiple entities each with different objectives in the project. Traditional techniques used to determine feasibility of such projects and do not consider two critical elements. These are the need (1) to identify major entities involved in these projects and their individual objectives, and (2) the importance of analyzing measures of effectiveness of each entity in a multi-objective context. A framework is proposed to address these issues along with a set of relaxation policies to reflect the nature and level of participation by the entities.

Keywords: Multi-objective optimization; Analytic hierarchy process; Traffic assignment; Elasticity (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:30:y:2013:i:c:p:1-12

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DOI: 10.1016/j.tranpol.2013.07.004

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