Title :
A Mean-HSV model for uncertain subcontractor selection
Author :
Xiaoxia Huang ; Xiaoyan Zhang
Author_Institution :
Dongling Sch. of Econ. & Manage., Univ. of Sci. & Technol. Beijing, Beijing, China
Abstract :
Subcontractor selection plays a key role for the main contractor of a complex construction project. In this paper, we identify the higher partial semi-variance (HSV) of processing times to express the risk of tardiness, and propose a Mean-HSV model to provide a formal description for the subcontractor selection problem. The objective is to select the optimal combination of subcontractors to minimize the total cost of the project within due date. The uncertainty theory is used to deal with parameters with human subjective estimation. Finally, the 99 method was used to solve the model.
Keywords :
construction industry; cost reduction; investment; parameter estimation; complex construction project; higher partial semivariance identification; human subjective estimation; mean-HSV model; optimal subcontractor portfolio; risk-of-tardiness; total cost minimization; uncertain subcontractor selection problem; Computational modeling; Estimation; Indexes; Mathematical model; Portfolios; Programming; Uncertainty; higher partial semi-variance; subcontractor selection; uncertainty theory;
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2014 11th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4799-3133-0
DOI :
10.1109/ICSSSM.2014.6874034