Application of a Fuzzy AHP Method to Risk Assessment of International Construction Projects

Author

Chen, Peihong ; Wang, Jiaqiong

Author_Institution

Sch. of Econ. & Manage., Beijing Jiaotong Univ., Beijing, China

fYear

2009

fDate

6-7 June 2009

Firstpage

459

Lastpage

462

Abstract

Risk assessment is becoming more emphasized in international projects decisions. In this paper, the international project risk assessment starts with the risk classification using the hierarchical risk breakdown structure. Based on the three-level hierarchical structure, a risk index (R) model is designed to assess the effects of all the risk sections and sub-sections (factors). The effect scores of risk factors are assessed using fuzzy logic approaches, and weights of risk factors and risk sections are determined using AHP method. The risk index (R) performs two functions: evaluate sources of risk and accordingly prioritize international projects.

Keywords

construction industry; fuzzy logic; fuzzy set theory; industrial economics; international collaboration; project management; risk management; fuzzy AHP method; fuzzy logic approaches; hierarchical risk breakdown structure; international construction project; risk assessment; risk classification; risk index model; three-level hierarchical structure; Conference management; Construction industry; Costs; Delay effects; Electric breakdown; Electronic commerce; Government; Project management; Risk analysis; Risk management; construction projects; fuzzy AHP; international; risk assessment;

fLanguage

English

Publisher

ieee

Conference_Titel

Electronic Commerce and Business Intelligence, 2009. ECBI 2009. International Conference on

Conference_Location

Beijing

Print_ISBN

978-0-7695-3661-3

Type

conf

DOI

10.1109/ECBI.2009.14

Filename

5190498