Anders Vestergaard Jensen
Technical University of Denmark
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Featured researches published by Anders Vestergaard Jensen.
decision support systems | 2007
Kim Bang Salling; Steen Leleur; Anders Vestergaard Jensen
This paper presents a decision support system, named the CLG-DSS model, which makes it possible for decision makers to assess various uncertainties in project appraisal in a systematic and explicit way. This model, a decision support system (DSS) developed within the Danish Centre for Logistics and Freight Transport (CLG) is based on cost-benefit analysis (CBA) embedded in a wider multi-criteria analysis (MCA) by the use of some principles for composite modelling assessment (COSIMA). The CLG-DSS model is set up to make use of scenario analysis (SA) and Monte Carlo simulation (MCS). A particular concern in the model is the handling of varying information across the assessment criteria and the application of SA to inform the MCS parameter setting. After the presentation of the modelling principles some ex-post case calculations for the Oresund Fixed Link are illuminating different aspects of appraisal uncertainty and thereby, at the same time, demonstrate the features of the CLG-DSS model as a useful decision support tool. It is finally concluded that appraisal of large infrastructure projects can be effectively supported by dealing with uncertainty issues in accordance with the principles described.
multiple criteria decision making | 2011
Michael Bruhn Barfod; Anders Vestergaard Jensen; Steen Leleur
This paper examines decision support systems (DSS) for composite appraisals of transport infrastructure projects comprising both cost-benefit analysis (CBA) and multi-criteria decision analysis (MCDA). Two DSS, REMBRANDT and COSIMA, are in this context examined and compared using a case study dealing with alternatives for a new high-speed railway line in Sweden. The REMBRANDT system is based on multiplicative value functions and makes use of pair wise comparisons on both attribute and criteria level. The COSIMA system is based on additive value functions and makes use of the REMBRANDT technique using pair wise comparisons on attribute level and swing weights on criteria level. One difference between the two approaches is the focus the COSIMA system puts on combining the CBA and MCDA results influencing, among other things, the way that the final results are expressed. Finally, a recommendation for the use of DSS within transport infrastructure appraisals is set out.
Archive | 2011
Anders Vestergaard Jensen; Michael Bruhn Barfod; Steen Leleur
This paper discusses the concept of using rank variation concerning the stakeholder prioritising of importance criteria for exploring the sensitivity of criteria weights in multi-criteria analysis (MCA). Thereby the robustness of the MCA-based decision support can be tested. The analysis described is based on the fact that when using MCA as a decision-support tool, questions often arise about the weighting (or prioritising) of the included criteria. This part of the MCA is seen as the most subjective part and could give reasons for discussion among the decision makers or stakeholders. Furthermore, the relative weights can make a large difference in the resulting assessment of alternatives (Hobbs and Meier 2000). Therefore it is highly relevant to introduce a procedure for estimating the importance of criteria weights. This paper proposes a methodology for estimating the robustness of weights used in additive utility models.
Archive | 2012
Anders Vestergaard Jensen; Steen Leleur
Archive | 2013
Henrik Gudmundsson; Clare Harmer; Alison Hewitt; Anders Vestergaard Jensen; Ulla Steen Salado-Jimena
Archive | 2013
Henrik Gudmundsson; Clare Harmer; Alison Hewitt; Anders Vestergaard Jensen
2nd International Conference on Sustainable Systems and the Environment | 2014
Anders Vestergaard Jensen; Steen Leleur
Archive | 2013
Anders Vestergaard Jensen; Kim Bang Salling; Steen Leleur
multiple criteria decision making | 2008
Anders Vestergaard Jensen
INFORMS International Puerto Rico 2007 | 2007
Anders Vestergaard Jensen; Michael Bruhn Barfod; Steen Leleur