Design of Coordinated Energy and Environmental Policies Using Multicriteria Decision Methods
2001Conventional economic modeling tools that depend upon one criterion to select among possible alternatives for inclusion in an energy or environmental policy have many limitations. The use of multi-criteria decision-making (MCDM) methods in an integrated assessment (IA) framework offers a far better alternative to cost/benefit and similar methods. To facilitate understanding of MCDM methods, we offer a typology for this broad class of models, suggest some of the types of problems that may be analyzed with these methods, and recommend the implementation of several MCDM methods in currently evolving IA frameworks.
Originally published in Energy Policy 32, no. 6 (April 2004): 721-725, http://www.sciencedirect.com/science/article/pii/S0301421503002581.