Applying multi-attribute utility theory to decision making in environmental planning: a case study of the electric utility in Korea

Tai Yoo Kim, Seung-Jun Kwak, Seung Hoon Yoo

Research output: Contribution to journalArticle

29 Citations (Scopus)

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 judgements 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 environmental index 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.

Original languageEnglish
Pages (from-to)597-609
Number of pages13
JournalJournal of Environmental Planning and Management
Volume41
Issue number5
DOIs
Publication statusPublished - 1998 Nov 2

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utility theory
environmental planning
Electric utilities
Korea
Decision making
decision making
Planning
corporation
value judgement
Industry
Environmental impact
environmental impact
decision maker
money
expert
planning
attribute
electric power
Values
decision

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Water Science and Technology
  • Fluid Flow and Transfer Processes
  • Environmental Science(all)
  • Ecology
  • Management, Monitoring, Policy and Law

Cite this

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