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
Link To Document :
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