A model for risk evaluation in construction projects based on fuzzy MADM

Author

Ebrahimnejad, S. ; Mousavi, S.M. ; Mojtahedi, S.M.H.

Author_Institution

Dept. of Ind. Eng., Islamic Azad Univ., Karaj

fYear

2008

fDate

21-24 Sept. 2008

Firstpage

305

Lastpage

310

Abstract

The number, size and complexity of new projects in Iran have created an extra burden on construction participants and resulted in lots of risks. In this paper, at first we identify the significant risks in construction industry project; then we introduce some effective criteria and attributes is used for risk evaluating in construction industry. Afterwards the problem is defined in fuzzy MADM field. Therefore, fuzzy TOPSIS and fuzzy LINMAP methods are presented to evaluate the high risks in the project. This study compares the modeling mechanisms of the two methods and their performances in modeling a set of project risk data. Finally, a case study is used to illustrate the procedure of the proposed model at the end of paper.

Keywords

construction industry; fuzzy set theory; linear programming; project management; risk management; Iran projects; construction industry project; fuzzy LINMAP method; fuzzy MADM field; fuzzy TOPSIS method; risk management; Construction industry; Costs; Decision making; Fuzzy set theory; Fuzzy sets; Industrial engineering; Project management; Resource management; Risk analysis; Risk management; Construction projects; fuzzy MADM; risk evaluation;

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Innovation and Technology, 2008. ICMIT 2008. 4th IEEE International Conference on

Conference_Location

Bangkok

Print_ISBN

978-1-4244-2329-3

Electronic_ISBN

978-1-4244-2330-9

Type

conf

DOI

10.1109/ICMIT.2008.4654381

Filename

4654381