Application of Fuzzy Comprehensive Evaluation Model Based on Entropy Weight to Project Investment Decision-Making

Author

Fu, Qiang ; Wang, Zilong ; Jiang, Qiuxiang

Author_Institution

Coll. of Water Conservancy & Archit., Northeast Agric. Univ., Harbin, China

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

3

Abstract

Aiming at project investment decision-making issue, fuzzy comprehensive evaluation model was used to solve fuzziness in investment decision-making. Entropy weight method was applied to calculate weights of the influencing factors of investment decision-making, which avoided the subjective interference of fuzzy method in valuing weight matrix. Water saving irrigation project investment decision-making issue of a certain region was taking as an application example. The results indicated that fuzzy comprehensive evaluation model based on entropy weight estimated the advantages and disadvantages of schemes effectively. And the research in the paper provides new method and idea for investment decision-making issues.

Keywords

construction industry; decision making; fuzzy set theory; investment; irrigation; project management; entropy weight method; fuzzy comprehensive evaluation model; fuzzy method subjective interference; project investment decision-making; water saving irrigation project; Buildings; Decision making; Educational institutions; Entropy; Environmental economics; Fuzzy systems; Interference; Investments; Irrigation; Water conservation;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science, 2009. MASS '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4638-4

Electronic_ISBN

978-1-4244-4639-1

Type

conf

DOI

10.1109/ICMSS.2009.5301560

Filename

5301560