Public Project Portfolio Optimization under a Participatory Paradigm
A new democracy paradigm is emerging through participatory budgeting exercises, which can be defined as a public space in which the government and the society agree on how to adapt the priorities of the citizenship to the public policy agenda. Although these priorities have been identified and they...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Wiley
2013-01-01
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| Series: | Applied Computational Intelligence and Soft Computing |
| Online Access: | http://dx.doi.org/10.1155/2013/891781 |
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| _version_ | 1850168951100669952 |
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| author | Eduardo Fernandez Rafael Olmedo |
| author_facet | Eduardo Fernandez Rafael Olmedo |
| author_sort | Eduardo Fernandez |
| collection | DOAJ |
| description | A new democracy paradigm is emerging through participatory budgeting exercises, which can be defined as a public space in which the government and the society agree on how to adapt the priorities of the citizenship to the public policy agenda. Although these priorities have been identified and they are likely to be reflected in a ranking of public policy actions, there is still a challenge of solving a portfolio problem of public projects that should implement the agreed agenda. This work proposes two procedures for optimizing the portfolio of public actions with the information stemming from the citizen participatory exercise. The selection of the method depends on the information about preferences collected from the participatory group. When the information is sufficient, the method behaves as an instrument of legitimate democracy. The proposal performs very well in solving two real-size examples. |
| format | Article |
| id | doaj-art-9f8da13330e0412296a4782c4daf44fb |
| institution | OA Journals |
| issn | 1687-9724 1687-9732 |
| language | English |
| publishDate | 2013-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Applied Computational Intelligence and Soft Computing |
| spelling | doaj-art-9f8da13330e0412296a4782c4daf44fb2025-08-20T02:20:51ZengWileyApplied Computational Intelligence and Soft Computing1687-97241687-97322013-01-01201310.1155/2013/891781891781Public Project Portfolio Optimization under a Participatory ParadigmEduardo Fernandez0Rafael Olmedo1Faculty of Engineering, Autonomous University of Sinaloa, Angel Flores s/n Centro, 80000 Culiaćan, SIN, MexicoFaculty of Mathematic and Physic Sciences, Autonomous University of Sinaloa, Angel Flores s/n Centro, 80000 Culiaćan, SIN, MexicoA new democracy paradigm is emerging through participatory budgeting exercises, which can be defined as a public space in which the government and the society agree on how to adapt the priorities of the citizenship to the public policy agenda. Although these priorities have been identified and they are likely to be reflected in a ranking of public policy actions, there is still a challenge of solving a portfolio problem of public projects that should implement the agreed agenda. This work proposes two procedures for optimizing the portfolio of public actions with the information stemming from the citizen participatory exercise. The selection of the method depends on the information about preferences collected from the participatory group. When the information is sufficient, the method behaves as an instrument of legitimate democracy. The proposal performs very well in solving two real-size examples.http://dx.doi.org/10.1155/2013/891781 |
| spellingShingle | Eduardo Fernandez Rafael Olmedo Public Project Portfolio Optimization under a Participatory Paradigm Applied Computational Intelligence and Soft Computing |
| title | Public Project Portfolio Optimization under a Participatory Paradigm |
| title_full | Public Project Portfolio Optimization under a Participatory Paradigm |
| title_fullStr | Public Project Portfolio Optimization under a Participatory Paradigm |
| title_full_unstemmed | Public Project Portfolio Optimization under a Participatory Paradigm |
| title_short | Public Project Portfolio Optimization under a Participatory Paradigm |
| title_sort | public project portfolio optimization under a participatory paradigm |
| url | http://dx.doi.org/10.1155/2013/891781 |
| work_keys_str_mv | AT eduardofernandez publicprojectportfoliooptimizationunderaparticipatoryparadigm AT rafaelolmedo publicprojectportfoliooptimizationunderaparticipatoryparadigm |