Title :
Application of a Fuzzy AHP Method to Risk Assessment of International Construction Projects
Author :
Chen, Peihong ; Wang, Jiaqiong
Author_Institution :
Sch. of Econ. & Manage., Beijing Jiaotong Univ., Beijing, China
Abstract :
Risk assessment is becoming more emphasized in international projects decisions. In this paper, the international project risk assessment starts with the risk classification using the hierarchical risk breakdown structure. Based on the three-level hierarchical structure, a risk index (R) model is designed to assess the effects of all the risk sections and sub-sections (factors). The effect scores of risk factors are assessed using fuzzy logic approaches, and weights of risk factors and risk sections are determined using AHP method. The risk index (R) performs two functions: evaluate sources of risk and accordingly prioritize international projects.
Keywords :
construction industry; fuzzy logic; fuzzy set theory; industrial economics; international collaboration; project management; risk management; fuzzy AHP method; fuzzy logic approaches; hierarchical risk breakdown structure; international construction project; risk assessment; risk classification; risk index model; three-level hierarchical structure; Conference management; Construction industry; Costs; Delay effects; Electric breakdown; Electronic commerce; Government; Project management; Risk analysis; Risk management; construction projects; fuzzy AHP; international; risk assessment;
Conference_Titel :
Electronic Commerce and Business Intelligence, 2009. ECBI 2009. International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-0-7695-3661-3
DOI :
10.1109/ECBI.2009.14
