Title :
Fuzzy Comprehensive Evaluation of Risk for EPC Project Based on the Economic Crisis
Author :
Herui Cui ; Lihua Liang
Author_Institution :
Dept. of Econ. & Manage., North China Electr. Power Univ., Baoding, China
Abstract :
Recently more and more big projects are contracting by EPC (Engineer-Procure-Construct) model comparing with tradition all contract models. The general contractors face more risk considering particular risk of EPC, especially in the economic crisis environment. A method of fuzzy comprehensive appraisal has been used to appraise its risk comprehensively in order to provide more scientific and rational inform action for decision maker. A risk evaluation model has been established and the risk outcome of EPC project has been obtained. So it can provide more scientific and rational inform action for decision maker.
Keywords :
decision making; fuzzy set theory; project management; risk management; EPC project; decision making; economic crisis; engineer-procure-construct model; fuzzy comprehensive appraisal; fuzzy comprehensive risk evaluation; Appraisal; Contracts; Cultural differences; Engineering management; Environmental economics; Environmental management; Investments; Power generation economics; Project management; Risk management; EPC; fuzzy appraisal; general contract of construction project; risk;
Conference_Titel :
Intelligent Computation Technology and Automation (ICICTA), 2010 International Conference on
Conference_Location :
Changsha
Print_ISBN :
978-1-4244-7279-6
Electronic_ISBN :
978-1-4244-7280-2
DOI :
10.1109/ICICTA.2010.146
