A LITERATURE REVIEW REGARDING THE APPLICATION OF MULTI-CRITERIA ANALYSIS IN TRANSPORT INFRASTRUCTURE PROJECTS

Alexandra Tudorica (), Cristian Silviu Banacu () and Sofia Elena Colesca ()
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Alexandra Tudorica: Bucharest University of Economic Studies, Doctoral School of Management, Piata Romana, 6, Bucharest, Romania
Cristian Silviu Banacu: Bucharest University of Economic Studies, Faculty of Administration and Public Management, Piata Romana, 6, Bucharest, Romania
Sofia Elena Colesca: Bucharest University of Economic Studies, Faculty of Administration and Public Management, Piata Romana, 6, Bucharest, Romania

Management Research and Practice, 2021, vol. 13, issue 2, 36-59

Abstract: The evaluation, selection or prioritization of transport infrastructure projects requires a complex decision-making approach. This complexity arises due to the competing nature of criteria - socio-economic, technical, political, environmental, resulting often into conflict analysis (Thomopoulos et al., 2009). The purpose of this article is to review the available literature in order to identify the specific multi-criteria decision-making techniques/methods, as well as the criteria employed in the context of transport infrastructure. Moreover, as we were interested to assess if these criteria evolved along the time to meet the transport infrastructure policy goals, in the nowadays context of green transition a special attention is given to the environmental criteria and its indicators. The timing of this review, providing an overview of the criteria used for the assessment of transport infrastructure projects, seems to be suitable as the new European Union’s Multiannual Financial Framework (2021-2027) is pushing forward for the twin green and digital transitions, enforcing the climate dimension. An extensive list of environmental indicators is provided, as well.

Keywords: multi-criteria analysis; transport infrastructure; criteria; literature review. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mrpase:v:13:y:2021:i:2:p:36-59

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