DocumentCode :
2806115
Title :
Application of Fuzzy Theory in Contractor Risk Assessment under EPC Model
Author :
Liu, Jun´e ; Wu, Song-yan ; Zhao, Xiao-ying ; Liu, Bing-wu
Author_Institution :
Inf. Sch., Beijing Wuzi Univ., Beijing, China
fYear :
2009
fDate :
19-20 Dec. 2009
Firstpage :
1
Lastpage :
5
Abstract :
To meet the requirements for being geared to the international standards and to meet the demand for self-development of an enterprise, it becomes more and more common for an enterprise to execute EPC projects. The EPC model compares with the traditional contract model, the risk of general contactor is the biggest undoubtedly. Through the analysis of the EPC model to determine the risk source and loss of general contractor and then use the fuzzy comprehensive evaluation method to realize the quantization of the possibility of risk occurrence and risk loss. By the quantified possibility of risk occurrence and loss consequences to calculate the risk gene and get the risk quantized valve ultimately. The example shows that fuzzy comprehensive risk evaluation method can realize quantitative treatment of fuzzy and uncertain information and can practically and effectively evaluate the EPC general contractor´s risk.
Keywords :
fuzzy set theory; risk management; EPC model; contractor risk assessment; fuzzy comprehensive evaluation method; fuzzy theory; risk loss; risk occurrence; Contracts; Design engineering; Engineering management; Fuzzy set theory; Humans; Procurement; Project management; Risk analysis; Risk management; Uncertainty;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Information Engineering and Computer Science, 2009. ICIECS 2009. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4994-1
Type :
conf
DOI :
10.1109/ICIECS.2009.5362725
Filename :
5362725
Link To Document :
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