A review of cost–benefit analysis and multicriteria decision analysis from the perspective of sustainable transport in project evaluation

Abstract

Transport decision processes have traditionally applied cost–benefit analysis (CBA) with benefits mainly relating to time-savings, and costs relating to infrastructure and maintenance costs. However, a shift toward more sustainable practices was initiated over the last decades to remedy the many negative impacts of automobility. As a result, decision processes related to transport projects have become more complex due to the multidimensional aspects and to the variety of stakeholders involved, often with conflicting points of view. To support rigourous decision-making, multicriteria decision analysis (MCDA) is, in addition to CBA, often used by governments and cities. However, there is still no consensus in the transport field regarding a preferred method that can integrate sustainability principles. This paper presents a descriptive literature review related to MCDA and CBA in the field of transport. Among the 66 considered papers, we identified the perceived strengths and weaknesses of CBA and MCDA, the different ways to combine them and the ability of each method to support sustainable transport decision processes. We further analysed the results based on four types of rationality (objectivist, conformist, adjustive, and reflexive). Our results show that both methods can help improve the decision processes and that, depending on the rationality adopted, the perceived strengths and weaknesses of MCDA and CBA can vary. Nonetheless, we observe that by adopting a more global and holistic perspective and by facilitating the inclusion of a participative process, MCDA, or a combination of both methods, emerge as the more promising appraisal methods for sustainable transport.