Multi-objective seaport planning by MOORA decision making

Willem Brauers

Annals of Operations Research, 2013, vol. 206, issue 1, 39-58

Abstract: An approach is needed to localize in an optimal way a seaport facing different indicators, criteria or objectives sometimes from different groups or individuals. The internal mechanical solution of a Ratio System, producing dimensionless numbers, is preferred to Cost-Benefit or to Weights which most of the time are used to equalize the different units. The ratio system creates the opportunity to use a second approach: a non-subjective Reference Point Theory based on the found ratios. The two approaches form a control on each other. This theory is called MOORA (Multi-Objective Optimization by Ratio Analysis). As an application a ranking is made for the best location of a new seaport or for the expansion of an existing one given a set of objectives to be fulfilled. Copyright Springer Science+Business Media New York 2013

Keywords: Multiple objectives; Weights; Ratio System; Reference Point Theory; MOORA; Regional and national development (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10479-013-1314-7

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