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A qualitative model for road investment appraisal
Authors:A. Cundri   , T. Kern,V. Rajkovi   
Affiliation:aOMEGA Consult Ltd., Project Management, Gregorčičeva 7, 1000 Ljubljana, Slovenia;bFaculty of Organisational Sciences, University of Maribor, Kidričeva cesta 55a, 4000 Kranj, Slovenia
Abstract:Recent research in transport appraisal has been predominantly performed by using quantitative linear additive methods such as AHP and MAUT. This paper presents a qualitative model for road investment appraisal based on the DEX method. Qualitative modelling and ability to handle inaccurate and/or incomplete data about options make the DEX method particularly well suited for decision problems involving qualitative concepts and a great deal of expert judgement as is the case in the field of transport. Introduced is a novel and practical way of road appraisal based on the road appraisal framework aimed to support transport policy development in Slovenia.
Keywords:Road investment appraisal   Multi-criteria analysis   Qualitative modelling   DEX method
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