A multicriteria approach for corporate decisions in sustainable planning policy

Under the current conditions of urban and regional renewal, it is a challenge and opportunity to find such decisions in planning policy supporting sustainable development. Redevelopment of former open-cast mines and shrinking processes in cities are typical examples. Decision making in such a planning context considers complex tasks and involves preferential selection among different, usually competing alternatives. They result from demands of different spatial functions and the necessity to conserve the natural environment and landscape. The modeling of a planning process requires an adequate definition of the problem, identification of the main decision criteria and possible courses of action. Following environmental and institutional economic theory we use the idea of involving stakeholders. Determining and understanding the demands of stakeholders may lead to a successful management of environmental, social, human, and economic tasks. We propose a multicriteria approach to formulate a planning problem as a multiobjective optimization problem.