Title :
The study on risk assessment of EPC contractor based on fuzzy analytic hierarchy process
Author :
Bi, Xing ; Tan, Hai-Tao
Author_Institution :
Sch. of Manage., Tianjin Univ., Tianjin, China
Abstract :
EPC is a new mode in construction industry. By traditional risk management, the EPC contractor usually makes strategies in response to risk based on the risk assessment of analytic hierarchy process, which is its traditional risk management. But, AHP may lead to inaccurate results because it still can´t reflect the consistency of human thinking style precisely. Thereof, this paper builds the model of risk assessment based on F-AHP theory in value of the above-mentioned deficiency, with the aim of EPC contractor making risk assessment and strategy-making more accurately.
Keywords :
construction industry; decision making; fuzzy set theory; procurement; project management; risk management; EPC contractor; F-AHP theory; construction industry; fuzzy analytic hierarchy process; human thinking style; risk assessment; risk management; Lead; EPC; FAHP; project management; risk assessment;
Conference_Titel :
Industrial Engineering and Engineering Management (IE&EM), 2010 IEEE 17Th International Conference on
Conference_Location :
Xiamen
Print_ISBN :
978-1-4244-6483-8
DOI :
10.1109/ICIEEM.2010.5645939