Decision Support Methods (MAD)

Lecturer

Maria João Falcão Silva

Objectives

• The course aims to provide trainees with knowledge of decision support models, namely Cost-Benefit Analysis (ACB), Multi-criteria Analysis (AM) and Cost-Effectiveness Analysis (ACE), in the context of rail-road rehabilitation interventions.

Requirements on previous knowledge

• Basic notions of construction economics and management.

Program

• Introduction to decision support methods
• Cost-benefit analysis (CBA)
• Multi-criteria analysis (AM)
• Cost-effectiveness analysis (ACE)
• Application to railway rehabilitation.

Recommended literature

• Franco, L.A., Montibeller, G., 2011. Problem structuring for multicriteria decision analysis interventions, In: J.J. Cochran (Ed.), Wiley Encyclopedia of Operations Research and Management Science, Wiley.
• Bana e Costa, C. A., Corte, J. M., Vansnick, J. C. 2012. MACBETH. International Journal of Information Technology & Decision Making 11(2), 359-387.
• Goodwin, P., Wright, G. 2004. Decision analysis for management judgment. 3rd Edition. England: John Wiley & Sons.
• Bana e Costa, C.A., Lourenço, J.C., Oliveira, M.D., Bana e Costa, J.C., 2014. A Socio-Technical Approach for Group Decision Support in Public Strategic Planning: The Pernambuco PPA case. Group Decision and Negotiation. 23, 5-29.

Assessment

Report (80%) and its presentation (20%).

Study language

English