Decision Support Tool | Input requirements | Benefit Metrics | Resources / expertise |
Cost-Benefit Analysis |
| Economic (monetary). | Medium. |
Cost- Effectiveness Analysis |
| Quantitative
(but not economic). | Medium. |
Multi-criteria analysis |
| Qualitative, quantitative or economic. | Low – Medium. |
Real Options Analysis |
| Economic (monetary). | High. |
Robust Decision Making |
| Quantitative or economic. | High. |
Portfolio Analysis |
| Quantitative or economic. | High. |
Adaptive Management / Adaptation turning points |
| Quantitative or economic. | Medium – High. |
Analytic Hierarchy Process |
| Qualitative, quantitative or economic. | Low – Medium. |
Social Network Analysis |
| N/A | Low (Qual.) High (Quant.) |
Decision Support Tool | Potential applicability | Most useful when | Potential uses of approach |
Cost-Benefit Analysis | Short-term
assessment, particularly for market sectors. |
| Low and no
regret option appraisal (short-term). As a decision support tool within iterative risk management |
Cost- Effectiveness Analysis | Short-term
assessment, for market and non-market sectors. Particularly relevant where clear headline indicator and dominant impact (less so cross sector). |
| Low and no
regret option appraisal (short-term). As a decision support tool within iterative risk management. |
Multi-criteria analysis | Project and
policy (programme) level. Tool for appraising option, or complementary tool (e.g. to CBA) to consider qualitative or non-market elements. |
| Scoping of
potential options. Early analysis of uncertainty or other adaptation characteristics of options. Complementary tool to address non-market / non-monetary attributes. |
Real Options Analysis | Major project
based analysis. Short-term assessment including long-term uncertainty. Comparing flexible vs. non flexible options, or value of information. |
| Economic analysis of major investment decisions, notably major flood defences, water storage, particularly where existing adaptation deficit, potential for learning and/or potential for flexibility within project. |
Robust Decision Making | Project and
programme/ strategy analysis especially under conditions of high uncertainty. Near-term investment with long life times (e.g. infrastructure) |
| Identifying low
and no regret options. Testing near-term options or strategies (e.g. infrastructure) across a large number of futures, or climate projections. Comparing technical and nontechnical sets of options. |
Portfolio Analysis | Project based
analysis of combinations of options, including potential for project and strategy formulation. |
| Designing
portfolio mixes as part of iterative pathways. |
Adaptive Management / Adaptation turning points | Project
and strategy / programme level. To develop adaptation pathways that allow iterative plans. |
| Flexible, but
especially mediumlong- term where potential to learn. As an overall iterative framework, within which additional decision support tools used. |
Analytic Hierarchy Process | Project and
policy (programme) level. |
| Scoping of
potential options. Early analysis of uncertainty or other adaptation characteristics of options. |
Social Network Analysis | Project to
national level for adaptive capacity, socioinstitutional aspects and identifying barriers to adaptation. |
| Analysis of
adaptive capacity, information and knowledge flows, decision frameworks. |