A Novel Preference Elicitation Technique Based on a Graph Model and Its Application to a Brownfield Redevelopment
1College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, China. shinanzhao@nuaa.edu.cn.
Abstract:
Disputes are very common and pervasive in brownfield redevelopment projects, in which multiple stakeholders or decision-makers (DMs) strategically interact with each other with a conflict of interest. The preference information of DMs involved plays a vital role in identifying possible outcomes or resolutions for resolving a tough brownfield conflict. In this research, a novel preference ranking technique is purposefully proposed within the graph model for conflict resolution (GMCR) paradigm to effectively and accurately garner DMs' actual preferences, in which states are ranked according to their similarities and closeness to the most and least preferred states instead of subjective option statements or weights in traditional preference ranking methods. Finally, a real-world brownfield conflict which occurred in China is utilized to show how the proposed preference ranking method can be applied for conveniently obtaining the true preference information of DMs and strategically determining the equilibria of a given dispute. The case study indicates that the novel preference elicitation approach is more objective and reasonable than the traditional option prioritization method. Moreover, there exists an equilibrium which can provide strategic advice and meaningful insights for addressing the brownfield conflict.
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