The paper considers various MADM problems with different attributes, including stochastic, fuzzy, numerical (cardinal) attributes. Some known MADM problems are presented and procedures to transform different problems into cardinal ones are proposed. For analysing stochastic and fuzzy MADM...

Cost-benefit analysis represents the most frequent technique used for a rational allocation of resources. This modality of evaluating the expenditure programs is an attempt to measure the costs and gains of a community as a result of running the evaluated

This work examines in a unified framework the effects on public investment decisions of different sources of uncertainty and the consequences of uncertainty variability over time. The analysis shows that uncertainty about investment benefits, future consumption and input costs have espectively...

Public investment in high speed infrastructure is a priority of the Spanish government. High speed is a technological breakthrough in transport but, from an economic point of view, the question is whether is socially worthy to allocate public funds to this transport option. The answer requires a...

High Speed Railways (HSR) is currently regarded as one of the most significant technological breakthroughs in passenger transportation developed in the second half of the 20th century. At the beginning of 2008 there were about 10,000 kilometres of new high speed lines in operation around the...

Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies economize on spending without losing effectiveness by modifying the conceptual framework guiding state expenditures. The familiar framework says that state intervention is...

Liberia is facing large infrastructure gaps and developmental needs that constrain the country’s growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....

In this paper, a comprehensive cost-benefit analysis is implemented for the project of Yueyang-Zhuzhou Oil Product Pipeline, considering all members of society as whole. We focus on the social welfare aspects of the project as well as the project's risk resistance capacity.