Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions
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...
| Main Authors: | , |
|---|---|
| Format: | Working Paper |
| Language: | en_US |
| Published: |
Massachusetts Institute of Technology. Engineering Systems Division
2016
|
| Online Access: | http://hdl.handle.net/1721.1/102800 |
| _version_ | 1811083031812767744 |
|---|---|
| author | Hall, Ralph P. Ashford, Nicholas A. |
| author_facet | Hall, Ralph P. Ashford, Nicholas A. |
| author_sort | Hall, Ralph P. |
| collection | MIT |
| description | 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. |
| first_indexed | 2024-09-23T12:18:51Z |
| format | Working Paper |
| id | mit-1721.1/102800 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T12:18:51Z |
| publishDate | 2016 |
| publisher | Massachusetts Institute of Technology. Engineering Systems Division |
| record_format | dspace |
| spelling | mit-1721.1/1028002019-04-11T03:06:56Z Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions Hall, Ralph P. Ashford, Nicholas A. 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. 2016-06-02T00:39:27Z 2016-06-02T00:39:27Z 2006-08 Working Paper http://hdl.handle.net/1721.1/102800 en_US ESD Working Papers;ESD-WP-2006-12 application/pdf Massachusetts Institute of Technology. Engineering Systems Division |
| spellingShingle | Hall, Ralph P. Ashford, Nicholas A. Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions |
| title | Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions |
| title_full | Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions |
| title_fullStr | Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions |
| title_full_unstemmed | Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions |
| title_short | Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions |
| title_sort | trade off positional analysis with a rawlsian approach to equity as an alternative to cost benefit analysis cba in socio technical decisions |
| url | http://hdl.handle.net/1721.1/102800 |
| work_keys_str_mv | AT hallralphp tradeoffpositionalanalysiswitharawlsianapproachtoequityasanalternativetocostbenefitanalysiscbainsociotechnicaldecisions AT ashfordnicholasa tradeoffpositionalanalysiswitharawlsianapproachtoequityasanalternativetocostbenefitanalysiscbainsociotechnicaldecisions |