We provide an in-depth comparison of cost-benefit analysis CBA and multi-criteria analysis MCA by, among other things, reviewing the literature which elaborates on the differences between both methods. The root of all the differences between the two methods is that welfare economics provides strict procedures for conducting a CBA, whereas MCA methods are not based on this theory which gives MCA analysts a relatively large degree of freedom when conducting the appraisal.
The interpretation of the outcome of a MCA is relatively unclear. This chapter closes with conducting a CBA and a MCA for a fictious transport project to illustrate the differences between the two methods. N2 - We provide an in-depth comparison of cost-benefit analysis CBA and multi-criteria analysis MCA by, among other things, reviewing the literature which elaborates on the differences between both methods.
AB - We provide an in-depth comparison of cost-benefit analysis CBA and multi-criteria analysis MCA by, among other things, reviewing the literature which elaborates on the differences between both methods. Comparing cost-benefit analysis and multi-criteria analysis.
Spatial Economics. Overview Fingerprint. Abstract We provide an in-depth comparison of cost-benefit analysis CBA and multi-criteria analysis MCA by, among other things, reviewing the literature which elaborates on the differences between both methods.
Fingerprint Dive into the research topics of 'Comparing cost-benefit analysis and multi-criteria analysis'. Together they form a unique fingerprint. View full fingerprint. Mouter Ed. Advances in Transport Policy and Planning; Vol. Elsevier B.
Standard Transport Appraisal Methods. Advances in Transport Policy and Planning, vol. Advances in Transport Policy and Planning. Epub Sept