Article

Combining multicriteria decision analysis and cost– benefit analysis in the assessment of maritime projects financed by the European Investment Bank

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As the financing institution of the EU, the European Investment Bank (EIB) has a long history of investments in the maritime sector. The EIB’s supportfor the sector is guided by EU maritime policy which is increasingly influenced by non-financial criteria such as safety, environment and employment. The increasing inclusion of non-financial criteria into financial decisions adds to the degree of subjectivity involved in project investment decisions, especially the ones involving public funds. This subjectivity is present in individual decision maker’s thought processes when assessing the relative importance of each criterion. Within this context, this paper examines a methodology which combines established financial analysis methods with multicriteria decision analysis in an effort to address this complex issue. The aim is to develop a model, which incorporates financial and nonfinancial criteria whilst accounting for the inherent subjectivity in investment decision making, in a transparent and auditable manner. The paper examines the application of the model to a fleet expansion project which has been financed by the EIB. Further research is proposed including ways in which the model could also be utilised as a performance indictor to track the degree to which EIB financing meets the goals outlined in EU maritime policy.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

ATC MG CLI c

Penerbit

United Kingdom : Macmillan Publishers Ltd., 2017

Deskripsi Fisik

19 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

MG

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

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Subjek

Analytical hierarchy process
Project appraisal

Info Detail Spesifik

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Pernyataan Tanggungjawab

Mark Clintworth

Versi lain/terkait

Lampiran Berkas

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