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

fYear

2010

fDate

7-9 May 2010

Firstpage

2749

Lastpage

2752

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;

fLanguage

English

Publisher

ieee

Conference_Titel

E-Business and E-Government (ICEE), 2010 International Conference on

Conference_Location

Guangzhou

Print_ISBN

978-0-7695-3997-3

Type

conf

DOI

10.1109/ICEE.2010.694

Filename

5590762