A new approach of multi-criteria analysis for the evaluation and selection of sustainable transport investment projects under uncertainty: A case study

Abstract

Selecting transport project to invest is an important task. This paper offers a new sustainable transport investment selection approach that applies interval-valued fuzzy sets (IVFSs) to address uncertainty. Relative preference relation is employed to address importance of criteria. Judgments of experts are given a weight based on all the gathered judgments and the expertise of experts. Furthermore, the concept of Prospect theory is used to rank the alternatives. The approach is applied to a case study and the results are discussed.

Keywords

• Sustainable transportation
• multi-criteria analysis
• interval-valued fuzzy sets (IVFSs)
• relative preference relation
• iterative multi-criteria decision making (TODIM)
• interval-valued fuzzy (IVF)-ranking