Technical Papers
Oct 13, 2015

Prioritization of Capacity Investment Projects with Stakeholder Divergence Criteria for Coordinated Infrastructure Development

Publication: Journal of Infrastructure Systems
Volume 22, Issue 2

Abstract

Investments and policies for transportation infrastructure projects are influenced and possibly undermined by diverse stakeholders with limited incentive for coordination. Effective management of such systems requires agencies to prioritize capacity projects with consideration of potential stakeholder-divergence resulting from competing stakeholder values and budgetary constraints. Strategic prioritization of investment should consider the values of several stakeholder perspectives, such as managing agencies, the public, closely associated commerce, environmental agencies, and others. This paper will demonstrate an integrated scenario analysis, multicriteria analysis, and integer-programming approach to identify investment portfolios that meet budgetary constraints while promoting investments most suitable for coordination among diverse stakeholders. The approach will be demonstrated on six high-priority federal transportation infrastructure projects in the United States. The results illustrate the need and use of stakeholder-divergence as a factor in federal investment policies. The methods result in proactive identification of dissent or progressive issues early in the project planning process, potentially avoiding postimplementation regret.

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Go to Journal of Infrastructure Systems
Journal of Infrastructure Systems
Volume 22Issue 2June 2016

History

Received: Jul 26, 2014
Accepted: Aug 24, 2015
Published online: Oct 13, 2015
Discussion open until: Mar 13, 2016
Published in print: Jun 1, 2016

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Authors

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Shital A. Thekdi [email protected]
Assistant Professor, Dept. of Management, Robins School of Business, Univ. of Richmond, 1 Gateway Rd., Richmond, VA 23173 (corresponding author). E-mail: [email protected]
Nilesh N. Joshi
Associate Professor, Dept. of Engineering and Technology Management, Morehead State Univ., 201 Lloyd Cassity Bldg., Morehead, KY 40351.

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