1 A hybrid MCDM technique for risk management in 2 construction projects 3

نویسندگان

  • Kajal Chatterjee
  • Edmundas Kazimieras Zavadskas
  • Jolanta Tamošaitienė
  • Krishnendu Adhikary
  • Samarjit Kar
چکیده

Multi-stakeholder based construction projects are subject to various risk factors due to 17 dynamic business environments. These risks affect project activities which indirectly impact 18 construction costs, resulting in delays and poor building quality. So, managing these project risks 19 requires suitable risk mitigation strategies to evaluate and analyse their severity. Hence, risk 20 evaluation and assessment of construction projects is a multi-criteria decision making (MCDM) 21 problem. In present real-life problems, evaluation of project risks is often uncertain and even 22 incomplete, and the prevailing methodologies fail to handle such situations. To address the 23 problem, this paper extends the analytical network process (ANP) methodology in the D number 24 domain to handle three types of ambiguous evaluations, viz. complete, uncertain, and incomplete, 25 and assesses the weight of risk criteria. The D number based approach overcomes the deficiencies 26 of the exclusiveness hypothesis and completeness constraint of Dempster-Shafer (D-S) theory. Here, 27 preference ratings of the decision matrix for each decision-maker are determined using a D numbers 28 extended consistent fuzzy preference relation (D-CFPR). An extended multi-attributive border 29 approximation area comparison (MABAC) method in D numbers is then developed to rank and 30 select the best alternative risk response strategy. Finally, an illustrative example from construction 31 sector is presented to check the feasibility of the proposed approach. For checking the reliability of 32 alternative ranking, a comparative analysis is performed with different MCDM approaches (D33 COPRAS, D-ARAS, D-MABAC, and D-TOPSIS). Based on different criteria weights, a sensitivity 34 analysis of obtained ranking of the hybrid D-ANP-MABAC model is performed for verify the 35 robustness of the proposed method. 36

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Methodology based on MCDM for risk management in EPC projects: A Case Study of LPG Storage Tanks Construction

The most important aim of every project is on time completion, budget consideration and reaching the highest possible quality, based on contract. This paper suggests a methodology for risk management in engineering, procurement, and construction (EPC) projects. Risk management enables project teams to perform with minimum deviation from predetermined goals. The proposed methodology identifies a...

متن کامل

Using Hybrid Fuzzy PROMETHEE II and Fuzzy Binary Goal Programming for Risk Ranking: A Case Study of Highway Construction Projects

Multi attribute decision making methods are considered as one of the most useful methods for solving ranking problems. In some decision making problems, while the alternatives for corresponding criteria are compared in a pairwise comparison manner, if the criteria are inherently fuzzy, debates will arise in ranking alternatives due to the closeness of the values of the criteria. In this researc...

متن کامل

Determining Optimal Risk Assessment Model in Construction Projects (Case study: steel plant construction project)

Introduction: Identifying occupational hazards and managing occupational safety and health risks is the most important mission and responsibility of the health and safety management system in organizations and adopting coded plans to achieve this is the key to continuously improving this system and promoting it. Method: This descriptive-analytic research has been written to determine the optim...

متن کامل

Project Manager Competency Model based on ANP Method in Construction Projects

Most developed countries have already accepted‘’ Competency’’ as the major factor in making management more competitive, therefore they have discovered the importance of Qualification Models and their application to cause human resources growth. Consequently, their aim is to improve the qualification of their human resources, and to reach this end, considering different ways of assessing compet...

متن کامل

Vendor Selection: An Enhanced Hybrid Fuzzy MCDM Model

The objective of this article is to develop an empirically based framework for formulating and selecting a vendor in supply chain. This study applies the fuzzy set theory to evaluate the vendor selection decision. Applying Analytic Hierarchy Process (AHP) in obtaining criteria weights and applied Technique for Order Performance by Similarity to Idea Solution (TOPSIS) for obtaining final ranking...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2017