Applying Multi-attribute Utility Theory to Decision Making in Environmental Planning: A Case Study of the Electric Utility in Korea
This paper applies the multi-attribute utility theory (MAUT) to obtaining value judgments concerning the significance of environmental impacts to achieve integration of environmental concerns at an early stage of planning, using the electric utility of Korea as a specific case study. An environmenta...
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| Veröffentlicht in: | Journal of environmental planning and management 1998-09, Vol.41 (5), p.597-609 |
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| container_title | Journal of environmental planning and management |
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| creator | Kim, Tai-Yoo Kwak, Seung-Jun Yoo, Seung-Hoon |
| description | This paper applies the multi-attribute utility theory (MAUT) to obtaining value judgments concerning the significance of environmental impacts to achieve integration of environmental concerns at an early stage of planning, using the electric utility of Korea as a specific case study. An environmental multi-attribute index is constructed as a multi-attribute utility function, based on value judgments provided by a group of experts related to electric utility and a decision maker from Korea Electric Power Corporation (KEPCO). The societal values are derived from examining trade-offs between environmentalindex and money. The implications of the results for KEPCO are also discussed. We found that the work and results can provide valuable insights and decision opportunities for major decision making in environmental planning facing KEPCO. |
| doi_str_mv | 10.1080/09640569811470 |
| format | Article |
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An environmental multi-attribute index is constructed as a multi-attribute utility function, based on value judgments provided by a group of experts related to electric utility and a decision maker from Korea Electric Power Corporation (KEPCO). The societal values are derived from examining trade-offs between environmentalindex and money. The implications of the results for KEPCO are also discussed. We found that the work and results can provide valuable insights and decision opportunities for major decision making in environmental planning facing KEPCO.</description><identifier>ISSN: 0964-0568</identifier><identifier>EISSN: 1360-0559</identifier><identifier>DOI: 10.1080/09640569811470</identifier><language>eng</language><publisher>Abingdon: Taylor & Francis Group</publisher><subject>Case studies ; Coal-fired power plants ; Cost benefit analysis ; Decision making ; Developing countries ; Electric power ; Electric utilities ; Electricity ; Electricity distribution ; Environment ; Environmental conditions ; Environmental economics ; Environmental impact ; Environmental planning ; Environmental scanning ; Externality ; Industrial plant emissions ; Korea ; LDCs ; Nuclear power plants ; Studies ; Utilities ; Utility functions ; Valuation</subject><ispartof>Journal of environmental planning and management, 1998-09, Vol.41 (5), p.597-609</ispartof><rights>Copyright Taylor & Francis Group, LLC 1998</rights><rights>Copyright Carfax Publishing Company Sep 1998</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c528t-24e162ed3056e73360ed78c89b1178ff6d3dac96ee7e769ad84009a10d7704243</citedby><cites>FETCH-LOGICAL-c528t-24e162ed3056e73360ed78c89b1178ff6d3dac96ee7e769ad84009a10d7704243</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.tandfonline.com/doi/pdf/10.1080/09640569811470$$EPDF$$P50$$Ginformaworld$$H</linktopdf><linktohtml>$$Uhttps://www.tandfonline.com/doi/full/10.1080/09640569811470$$EHTML$$P50$$Ginformaworld$$H</linktohtml><link.rule.ids>314,776,780,3994,27843,27901,27902,59620,60409</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/tafjenpmg/v_3a41_3ay_3a1998_3ai_3a5_3ap_3a597-609.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Kim, Tai-Yoo</creatorcontrib><creatorcontrib>Kwak, Seung-Jun</creatorcontrib><creatorcontrib>Yoo, Seung-Hoon</creatorcontrib><title>Applying Multi-attribute Utility Theory to Decision Making in Environmental Planning: A Case Study of the Electric Utility in Korea</title><title>Journal of environmental planning and management</title><description>This paper applies the multi-attribute utility theory (MAUT) to obtaining value judgments concerning the significance of environmental impacts to achieve integration of environmental concerns at an early stage of planning, using the electric utility of Korea as a specific case study. An environmental multi-attribute index is constructed as a multi-attribute utility function, based on value judgments provided by a group of experts related to electric utility and a decision maker from Korea Electric Power Corporation (KEPCO). The societal values are derived from examining trade-offs between environmentalindex and money. The implications of the results for KEPCO are also discussed. We found that the work and results can provide valuable insights and decision opportunities for major decision making in environmental planning facing KEPCO.</description><subject>Case studies</subject><subject>Coal-fired power plants</subject><subject>Cost benefit analysis</subject><subject>Decision making</subject><subject>Developing countries</subject><subject>Electric power</subject><subject>Electric utilities</subject><subject>Electricity</subject><subject>Electricity distribution</subject><subject>Environment</subject><subject>Environmental conditions</subject><subject>Environmental economics</subject><subject>Environmental impact</subject><subject>Environmental planning</subject><subject>Environmental scanning</subject><subject>Externality</subject><subject>Industrial plant emissions</subject><subject>Korea</subject><subject>LDCs</subject><subject>Nuclear power plants</subject><subject>Studies</subject><subject>Utilities</subject><subject>Utility 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management</jtitle><date>1998-09-01</date><risdate>1998</risdate><volume>41</volume><issue>5</issue><spage>597</spage><epage>609</epage><pages>597-609</pages><issn>0964-0568</issn><eissn>1360-0559</eissn><abstract>This paper applies the multi-attribute utility theory (MAUT) to obtaining value judgments concerning the significance of environmental impacts to achieve integration of environmental concerns at an early stage of planning, using the electric utility of Korea as a specific case study. An environmental multi-attribute index is constructed as a multi-attribute utility function, based on value judgments provided by a group of experts related to electric utility and a decision maker from Korea Electric Power Corporation (KEPCO). The societal values are derived from examining trade-offs between environmentalindex and money. The implications of the results for KEPCO are also discussed. We found that the work and results can provide valuable insights and decision opportunities for major decision making in environmental planning facing KEPCO.</abstract><cop>Abingdon</cop><pub>Taylor & Francis Group</pub><doi>10.1080/09640569811470</doi><tpages>13</tpages></addata></record> |
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| ispartof | Journal of environmental planning and management, 1998-09, Vol.41 (5), p.597-609 |
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| language | eng |
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| source | RePEc; PAIS Index; Taylor & Francis Journals Complete |
| subjects | Case studies Coal-fired power plants Cost benefit analysis Decision making Developing countries Electric power Electric utilities Electricity Electricity distribution Environment Environmental conditions Environmental economics Environmental impact Environmental planning Environmental scanning Externality Industrial plant emissions Korea LDCs Nuclear power plants Studies Utilities Utility functions Valuation |
| title | Applying Multi-attribute Utility Theory to Decision Making in Environmental Planning: A Case Study of the Electric Utility in Korea |
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