21st European Conference on Operational Research (Book of Abstracts) pages:173-173
21st European Conference on Operational Research edition:21 location:Reykjavik date:2-5 July 2006
We demonstrate that some MCA methods address adequately a number of ethical dilemmas, when applied to complex project evaluation. We show that under specific conditions, an MCA approach that embodies a Multi-stakeholder perspective can be used to foster the resolution of societal conflicts and the pursuit of the public good. We contrast the value added - in terms of resolving ethical dilemmas - of these stakeholder-oriented with more conventional MCA approaches and cost-benefit analysis. We suggest that the stakeholder-oriented MCA is consistent with the neo-institutional economics paradigm.