Title
Multi-objective Optimisation for Social Cost Benefit Analysis: An Allegory.
Abstract
Social cost benefit analysis often involves consideration of non-monetary outcomes. Multi-objective optimisation is an appropriate method for handling problems of this type, but many decision-makers have a strong mistrust of the approach. Reflections by the authors on real experiences supporting decision-makers suggest that the key barriers to using multi-objective methods for social cost benefit analysis include: (i) the inadequacy of current social systems models for measuring the end benefits provided by a candidate solution; (ii) the lack of appropriate societal preference estimates for resolving the inherent trade-offs between objectives; and (iii) the lack of practical examples, case studies and guidance which demonstrate that the approach works well.
Year
DOI
Venue
2013
10.1007/978-3-642-37140-0_54
Lecture Notes in Computer Science
Keywords
Field
DocType
multi-objective optimisation,decision support systems
Allegory,Social cost,Computer science,Decision support system,Social system,Management science,Benefit analysis
Conference
Volume
ISSN
Citations 
7811
0302-9743
1
PageRank 
References 
Authors
0.35
1
2
Name
Order
Citations
PageRank
Robin C. Purshouse162830.00
John McAlister210.35