Ordering the alternatives of a strategic plan for Valencia (Spain)

Ordering the alternatives of a strategic plan for Valencia (Spain)

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Article ID: iaor20023356
Country: United Kingdom
Volume: 10
Issue: 3
Start Page Number: 153
End Page Number: 171
Publication Date: May 2001
Journal: Journal of Multi-Criteria Decision Analysis
Authors: , ,
Keywords: decision theory: multiple criteria
Abstract:

In this article we present an evaluation of the initiatives involved in a Strategic Plan for Valencia City (Spain) by applying a method to assist Multi-Criteria Decision-Making. The complexity of the case lies in the size of the problem, 47 alternatives and 10 criteria, as well as the need to reach a consensus on the final result. The method followed, which has been named PRES Multi-expert, can be generalized and applied to other complex cases. Thirteen experts have participated in the process, representing different political and social groups of the City, a group of analysts, formed by three lecturers from the Polytechnic University of Valencia, and a consultant, representing the City Hall of Valencia. The PRES algorithm was used to order the alternatives developed in 1992 by Gómez-Senent at this University. In this article we highlight the advantages of applying the Multi-Criteria Decision-Making Aid techniques and the importance of following a procedure to select the criteria, pondering on them and evaluating the alternatives. This procedure ensures that the parties interested in or affected by the decision take part in deciding what measures to adopt. The Multi-expert PRES method facilitates this participation and can be adapted to different types of problems.

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