Balancing Apples and Oranges: Methodologies for Facility Siting Decisions

Evaluating alternative sites for major constructed facilities requires comparing impacts of different levels and different types to establish desirable yet feasible balances. Currently employed and proposed, methodologies for evaluating the desirability of sets of impacts generated by large facilities are compared, and the theoretical assumptions implicit in each are discussed. In aggregate, the three sets of methodologies considered are Cost-Benefit Analysis and its various modifications, matrix or tableau methods of several sorts, and, preference theory (of which utility is a special case). Primary attention is given to the structure of objective functions defined over impacts.