Integrated Transport Planning Framework Involving Combined Utility Regret Approach
Sustainable transport planning requires an integrated approach involving strategic planning, impact analysis, and multicriteria evaluation. This study aimed at relaxing the utility-based decision-making assumption by newly embedding anticipated-regret and combined utility regret decision mechanisms in a framework for integrated transport planning. The framework consisted of a two-round Delphi survey, integrated land use and transport model for Madrid, and multicriteria analysis. Results show that (a) the regret-based ranking has a similar mean but larger variance than the utility-based ranking does, (b) the least-regret scenario forms a compromise between the desired and the expected scenarios, (c) the least-regret scenario can lead to higher user benefits in the short term and lower user benefits in the long term, (d) the utility-based, the regret-based, and the combined utility- and regret-based multicriteria analyses result in different rankings of policy packages, and (e) the combined utility regret ranking is more informative compared with the utility-based or the regret-based ranking.
Wang, Y., Monzon, A., Di Ciommo, F., & Kaplan, S. (2014). Integrated Transport Planning Framework Involving Combined Utility Regret Approach. Transportation Research Record: Journal of the Transportation Research Board, 2429(1), 59–66. https://doi.org/10.3141/2429-07