Decision Support Methods
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.
General characterization
Code
12386
Credits
1.5
Responsible teacher
Zuzana Dimitrovova
Hours
Weekly - 2
Total - 12
Teaching language
Português
Prerequisites
• Basic notions of construction economics and management.
Bibliography
• 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.
Teaching method
The teaching methodology comprises theoretical-practical classes, where various topics related to: i) Public policies - transport infrastructures are addressed; ii) Support for investment decisions; iii) Multi-criteria analysis (AM); iv) Cost-benefit analysis (CBA); v) Alternative methods - risk analysis (AR), cost-effectiveness analysis (ACE), cost-utility analysis (ACU), cost-benefit analysis (CBA); vi) Examples of application (lectures).
Classes are presented on a digital platform (Zoom), using slides, copies of which are made available to trainees. The evaluation of the discipline is carried out through practical assignments and their respective presentation.
Evaluation method
Report (80%) and its presentation (20%).
Subject matter
• Introduction to decision support methods
• Cost-benefit analysis (CBA)
• Multi-criteria analysis (AM)
• Cost-effectiveness analysis (ACE)
• Application to railway rehabilitation.