• DocumentCode
    2228657
  • Title

    Risk Correlation Analysis Based on Information Management

  • Author

    Yan, Liu ; Mingyuan, Zhang ; Yongbo, Yuan

  • Author_Institution
    Fac. of Infrastruct. Eng., Dalian Univ. of Technol., Dalian, China
  • Volume
    4
  • fYear
    2010
  • fDate
    26-28 Nov. 2010
  • Firstpage
    27
  • Lastpage
    30
  • Abstract
    There are a variety of uncertainties in construction projects because of the uniqueness, complexity and the one time off characteristics of each project. Especially in the investment decision-making stage, decision-maker grasps so little information that there is a huge informational gap in this stage. The process of mining existing information in the investment decision-making stage is also the process of reducing risk and obtaining risk correlation rules. Based on the purpose of improving decision-making success rate and reducing the investment risk, this paper uses variable fuzzy sets, CBR and other intelligent algorithms for processing information in decision-making phase. Moreover this paper also summarized three methods to obtain risk correlation according to different processing methods. It can not only decrease the calculation difficulty and reduces decision-making reaction time, but also provide some reference for investment decision-making of future projects.
  • Keywords
    case-based reasoning; civil engineering computing; construction; correlation methods; decision making; fuzzy set theory; information management; investment; risk analysis; CBR; construction projects; decision making reaction time; information management; information mining; investment decision making stage; risk correlation analysis; risk reduction; variable fuzzy sets; CBR; fuzzy sets; investment decision; risk correlation;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information Management, Innovation Management and Industrial Engineering (ICIII), 2010 International Conference on
  • Conference_Location
    Kunming
  • Print_ISBN
    978-1-4244-8829-2
  • Type

    conf

  • DOI
    10.1109/ICIII.2010.485
  • Filename
    5694840