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Prioritization of Capacity Investment Projects with Stakeholder Divergence Criteria for Coordinated Infrastructure Development
Investments and policies for transportation infrastructure projects are influenced and possibly undermined by diverse stakeholders with limited incentive for coordination. Effective management of such systems requires agencies to prioritize capacity projects with consideration of potential stakeholder-divergence resulting from competing stakeholder values and budgetary constraints. Strategic prioritization of investment should consider the values of several stakeholder perspectives, such as managing agencies, the public, closely associated commerce, environmental agencies, and others. This paper will demonstrate an integrated scenario analysis, multicriteria analysis, and integer-programming approach to identify investment portfolios that meet budgetary constraints while promoting investments most suitable for coordination among diverse stakeholders. The approach will be demonstrated on six high-priority federal transportation infrastructure projects in the United States. The results illustrate the need and use of stakeholder-divergence as a factor in federal investment policies. The methods result in proactive identification of dissent or progressive issues early in the project planning process, potentially avoiding postimplementation regret.
Prioritization of Capacity Investment Projects with Stakeholder Divergence Criteria for Coordinated Infrastructure Development
Investments and policies for transportation infrastructure projects are influenced and possibly undermined by diverse stakeholders with limited incentive for coordination. Effective management of such systems requires agencies to prioritize capacity projects with consideration of potential stakeholder-divergence resulting from competing stakeholder values and budgetary constraints. Strategic prioritization of investment should consider the values of several stakeholder perspectives, such as managing agencies, the public, closely associated commerce, environmental agencies, and others. This paper will demonstrate an integrated scenario analysis, multicriteria analysis, and integer-programming approach to identify investment portfolios that meet budgetary constraints while promoting investments most suitable for coordination among diverse stakeholders. The approach will be demonstrated on six high-priority federal transportation infrastructure projects in the United States. The results illustrate the need and use of stakeholder-divergence as a factor in federal investment policies. The methods result in proactive identification of dissent or progressive issues early in the project planning process, potentially avoiding postimplementation regret.
Prioritization of Capacity Investment Projects with Stakeholder Divergence Criteria for Coordinated Infrastructure Development
Thekdi, Shital A. (Autor:in) / Joshi, Nilesh N. (Autor:in)
13.10.2015
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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