DocumentCode
2835388
Title
Notice of Retraction
Study of Entropy Weight Theory in EPC Owner Risk Decision
Author
Jun´e Liu ; Song-yan Wu ; Chao Zhang ; Yong-sheng Liu
Author_Institution
Inf. Sch., Beijing Wuzi Univ., Beijing, China
fYear
2009
fDate
19-20 Dec. 2009
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
With international practice and needs of business own development, it´s has become more and more common to carry out EPC project in enterprises´ contract. Comparing with the traditional patterns of contract, the owners will not involve in the specific process of project in EPC model, so the decision risk of the owners is increased. Through analyzing of EPC contract model, to the ambiguity and uncertainty of risk assessment information, entropy weight theory is introduced into risk decision of EPC project. In the absence of index weight given by experts, multiple EPC schemes are evaluated and ranked sequence with risk level closeness degree effectively by the entropy weight model, and the optimum scheme is obtained definitely.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
With international practice and needs of business own development, it´s has become more and more common to carry out EPC project in enterprises´ contract. Comparing with the traditional patterns of contract, the owners will not involve in the specific process of project in EPC model, so the decision risk of the owners is increased. Through analyzing of EPC contract model, to the ambiguity and uncertainty of risk assessment information, entropy weight theory is introduced into risk decision of EPC project. In the absence of index weight given by experts, multiple EPC schemes are evaluated and ranked sequence with risk level closeness degree effectively by the entropy weight model, and the optimum scheme is obtained definitely.
Keywords
construction industry; contracts; entropy; risk management; EPC contract model; EPC owner risk decision; entropy weight theory; risk assessment information; Building materials; Contracts; Design engineering; Educational institutions; Engineering management; Entropy; Power system modeling; Project management; Reliability engineering; Risk management;
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.2009.5364392
Filename
5364392
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