A Multiattribute Index for Assessing Environmental Impacts of Regional Development Projects: A Case Study of Korea |
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Authors: | SEUNG-JUN KWAK SEUNG-HOON YOO CHUL-OH SHIN |
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Institution: | (1) Department of Economics, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul, 136-701, Korea, KR;(2) Division of Economics and Commerce, Hoseo University, 120-1 San, Anseo-Dong, Cheonan, Chungnam, 330-180, Korea, KR;(3) Department of Economics, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul, 136-701, Korea, KR |
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Abstract: | Evaluating environmental impacts has become an increasingly vital part of environmental management. In the present study,
a methodological procedure based on multiattribute utility theory (MAUT) has been applied to obtain a decision-maker's value
index on assessment of the environmental impacts. The paper begins with an overview of MAUT. Next, we elicited strategic objectives
and several important attributes, and then structured them into a hierarchy, with the aim of structuring and quantifying the
basic values for the assessment. An environmental multiattribute index is constructed as a multiattribute utility function,
based on value judgements provided by a decision-maker at the Korean Ministry of Environment (MOE). The implications of the
results are useful for many aspects of MOE's environmental policies; identifying the strategic objectives and basic values;
facilitating communication about the organization's priorities; and recognizing decision opportunities that face decision-makers
of Korea. |
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Keywords: | : Multiattribute utility theory Multiattribute index Decision analysis Decision-making Environmental impact assessment |
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