Multicriteria Decision Analysis: Overview and Implications for Environmental Decision Making

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Advances in the Economics of Environmental Resources

ISSN: 1569-3740
Series editor(s): Professor Richard Howarth

Subject Area: Economics

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Document Information:
Title:	Multicriteria Decision Analysis: Overview and Implications for Environmental Decision Making
Author(s):	Caroline M. Hermans, Jon D. Erickson
Volume:	7 Editor(s): Jon D. Erickson, Frank Messner, Irene Ring ISBN: 978-0-7623-1448-5 eISBN: 978-1-84950-507-9
Citation:	Caroline M. Hermans, Jon D. Erickson (2007), Multicriteria Decision Analysis: Overview and Implications for Environmental Decision Making, in Jon D. Erickson, Frank Messner, Irene Ring (ed.) Ecological Economics of Sustainable Watershed Management (Advances in the Economics of Environmental Resources, Volume 7), Emerald Group Publishing Limited, pp.213-228
DOI:	10.1016/S1569-3740(07)07010-1 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Chapter Item
Abstract:	Environmental decision making involving multiple stakeholders can benefit from the use of a formal process to structure stakeholder interactions, leading to more successful outcomes than traditional discursive decision processes. There are many tools available to handle complex decision making. Here we illustrate the use of a multicriteria decision analysis (MCDA) outranking tool (PROMETHEE) to facilitate decision making at the watershed scale, involving multiple stakeholders, multiple criteria, and multiple objectives. We compare various MCDA methods and their theoretical underpinnings, examining methods that most realistically model complex decision problems in ways that are understandable and transparent to stakeholders.