An Integrated Transport Planning Framework Involving a Combined Utility-Regret Approach

Wang, Yang and Monzón de Cáceres, Andrés and Di Ciommo, Floridea and Kaplan, Sigal (2014). An Integrated Transport Planning Framework Involving a Combined Utility-Regret Approach. In: "Transportation Research Board 93rd Annual Meeting", 12/01/2014 - 16/01/2014, Washington DC, USA.

Description

Title: An Integrated Transport Planning Framework Involving a Combined Utility-Regret Approach
Author/s:
  • Wang, Yang
  • Monzón de Cáceres, Andrés
  • Di Ciommo, Floridea
  • Kaplan, Sigal
Item Type: Presentation at Congress or Conference (Article)
Event Title: Transportation Research Board 93rd Annual Meeting
Event Dates: 12/01/2014 - 16/01/2014
Event Location: Washington DC, USA
Title of Book: TRB 93rd Annual Meeting Compendium of Papers
Date: 2014
Subjects:
Faculty: E.T.S.I. Caminos, Canales y Puertos (UPM)
Department: Ingeniería Civil: Transportes [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Sustainable transport planning requires an integrated approach involving strategic planning, impact analysis and multi-criteria evaluation. This study aims at relaxing the utility-based decision-making assumption by newly embedding anticipated-regret and combined utility-regret decision mechanisms in an integrated transport planning framework. The framework consists of a two-round Delphi survey, an integrated land-use and transport model for Madrid, and multi-criteria analysis. Results show that (i) regret-based ranking has similar mean but larger variance than utility-based ranking; (ii) the least-regret scenario forms a compromise between the desired and the expected scenarios; (iii) the least-regret scenario can lead to higher user benefits in the short-term and lower user benefits in the long-term; (iv) utility-based, regret-based and combined utility-regret-based multi-criteria analysis result in different rankings of policy packages; and (v) the combined utility-regret ranking is more informative compared with utility-based or regret-based ranking.

More information

Item ID: 31168
DC Identifier: http://oa.upm.es/31168/
OAI Identifier: oai:oa.upm.es:31168
Official URL: http://trid.trb.org/view.aspx?id=1288432
Deposited by: Memoria Investigacion
Deposited on: 02 Oct 2014 11:58
Last Modified: 02 Oct 2014 12:03
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