Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions
Name
esd-wp-2006-12.pdf
Size
202.91 KB
Format
Adobe PDF
Checksum (MD5)
96de69d7cd44385edb02b2eb1d6d9d70
Author(s)
Hall, Ralph P.
Ashford, Nicholas A.
Date Issued
August 2006
Publisher
Massachusetts Institute of Technology. Engineering Systems Division
Series/Report no.
ESD Working Papers;ESD-WP-2006-12
Abstract
This paper introduces a hybrid trade-off/positional analysis framework as an alternative to cost-benefit analysis (CBA). As a decision-support tool, the proposed framework [1] allows decision-makers not to monetize or aggregate non-monetary factors over time; [2] invites the entrance of stakeholders into the debate since there is greater transparency as to who benefits and who is harmed by a particular policy/program/project; [3] enables analysts to undertake a comparative analysis of alternatives over time; and [4] takes into account the important role of technological change in shaping the state and performance of a system. In addition, a Rawlsian approach to incorporating equity into decision-making is advocated.
Persistent DSpace Link
