A hybrid lexicographic and VIKOR approach for prioritizing construction projects by considering sustainable development criteria

Abstract

Nowadays, one of the challenges in the organizations according to budget limitations in the companies, is how to prioritize their project portfolios in the events of their strategies. In other words, organizations are seeking to allocate resources in order to gain the maximum profit according to budget limitations. In this article, a hybrid decision making method is used to prioritize construction project portfolio by considering sustainability criteria. First, Lexicographic method is applied to weight the sustainability criteria. Then, by considering the weights derived from the Lexicographic and sustainability criteria, projects are prioritized based on VIKOR method. The proposed method of this study is applied for a case study of projects in the refinery scope.

Identification and Analysis of Factors Influencing Green Growth of Manufacturing Enterprises Based on DEMATEL Method—Wooden Flooring Manufacturing Companies as a Case

“…In future studies, a larger scope and more samples can be utilized to obtain more reliable data. Apart from the DEMATEL method, fuzzy sets theory and the interpretative structural modeling method (ISM) can also be used to further analyze factors influencing the green growth of manufacturing enterprises [31].…”

An Integrative Review of Project Portfolio Management Literature: Thematic Findings on Sustainability Mindset, Assessment, and Integration

“…PPM also involves the life cycle with short-, mid-, and long-term project horizons (Schipper & Silvius, 2018; Silvius & Schipper, 2020). The TBL concept (Elkington, 1997) was often combined with the United Nations definition (Daneshpour, 2017; Jalilibal et al, 2018; Kudratova et al, 2020; Ma et al, 2020; RezaHoseini et al, 2020). Here, the focus was on balancing economic, social, and environmental sustainability for multiple projects of a portfolio.…”

“…There was broad acceptance of, and references to, the definitions by the United Nations for sustainable development (United Nations, 1987) Schipper, 2020). The TBL concept (Elkington, 1997) was often combined with the United Nations definition (Daneshpour, 2017;Jalilibal et al, 2018;Kudratova et al, 2020;Ma et al, 2020;. Here, the focus was on balancing economic, social, and environmental sustainability for multiple projects of a portfolio.…”