Title :
Quantitative Risk Analysis Approach on Construction Project Feasibility Research
Author :
Jun, Guan ; Haiyan, Wang
Author_Institution :
Sch. of Econ. & Manage., Beijing Univ. of Technol., Beijing, China
Abstract :
The traditional methodology on risk analysis in construction project feasibility research has remained for a long time in the atmosphere of qualitative analysis. A thorough quantitative analysis approach in the same field has been carried out in this paper based on the properties and mechanisms of value mining. Taking advantages of value mining theory, the practical evaluation on potential revenue and predictable risk of construction project has been put forward, and the optimization among various schemes for construction project feasibility research is proposed, under the principles of multi-target fuzzy decision making and satisfaction degree of value mining.
Keywords :
construction; decision making; fuzzy set theory; project management; risk analysis; value engineering; construction project feasibility research; multitarget fuzzy decision making; optimization; qualitative analysis; quantitative risk analysis; value mining theory; Construction industry; Decision making; Economics; Indexes; Optimization; Project management; Risk analysis; constrution project; feasibility research; multi-target fuzzy decision making; risk analysis; satisfaction degree; value mining;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.694
