A novel approach for risk evaluation and risk response planning in a geothermal drilling project using DEMATEL and fuzzy ANP

Ghassemi, Alireza; Darvishpour, Ayoub

doi:10.5267/j.dsl.2017.10.001

Cited by 11 publications

(10 citation statements)

References 37 publications

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“…The risk structure matrix was utilized to assess the relationships among threats. Authors in [31] applied fuzzy theory, the Analytical Network Process (ANP), and the Decision-making Trial and Evaluation Laboratory (DEMATEL) to weigh risks and responses employing BIP. The model objective function maximizes the value of the response actions.…”

Section: Wwwetasrcom Aljorany and Mahjoob: Establishing A Budget For ...mentioning

confidence: 99%

Establishing a Budget for Optimal Response Strategies for Fisks Categorized into Distinct Groups by using a Mathematical Model and Genetic Algorithm

Aljorany,

Mahjoob

2024

Eng. Technol. Appl. Sci. Res.

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Construction projects may be subjected to various risks which must be identified, evaluated, and a suitable response to each risk must be determined. The risk response stage is a crucial and significant phase in risk management that requires particular attention. This paper proposes an effective mathematical model for determining the most suitable strategy and action in dealing with both primary and secondary risk events in different risk categories that may arise in a construction project. It also provides a method for estimating or forecasting the anticipated budget for a risk response plan. Another contribution of this study is the development of an innovative approach that combines binary programming with the genetic algorithm. The efficacy of the proposed methodology was examined by its implementation in a real geothermal project. The results demonstrated that the proposed framework serves as a useful tool to tackle the challenges related to the selection and optimization of risk response strategies, as well as setting an appropriate budget for the risk response plan. The suggested model can help decision-makers to assess the variety of viable risk response actions and strategies and arrive at a more well-informed decision.

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Section: Wwwetasrcom Aljorany and Mahjoob: Establishing A Budget For ...mentioning

confidence: 99%

Establishing a Budget for Optimal Response Strategies for Fisks Categorized into Distinct Groups by using a Mathematical Model and Genetic Algorithm

Aljorany,

Mahjoob

2024

Eng. Technol. Appl. Sci. Res.

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“…It was later useful in many MCDM applications (Buckley, 1984;Leberling, 1981;Turskis et al, 2015). The fuzzy extensions of MCDM models play principal roles in the risks' weighting, responses and choices of means to manage them (Ghassemi & Darvishpour, 2018).…”

Section: Establishing the Importance Of Elements For Evaluation Expedmentioning

confidence: 99%

Evaluation of the Expediency of Technology Commercialization: A Case of Information Technology and Biotechnology

Zemlickienė

Turskis

2020

Technological and Economic Development of Economy

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The ability to timely and objectively evaluate the expediency of technology commercialising is a crucial step for R&D organisations. It is a game with business success, which could enable to operate technologies efficiently and prevent unproductive investments. Managers in power, involved in the technology commercialization cycle, create rules for the game and are the leading players. The research establishes specifics of different technological fields, which are essential for assessing the expediency of technology commercialization. The scientific literature of technology commercialization didn’t take into account the specifics of different technological fields. The study presents the first two phases of the expediency of commercialization of the information technologies and biotechnologies evaluation models: the development of elements collections and the establishment of the importance of elements. The proposed technique could be expanded to select the most suitable technology for sustainable management of commercialization and the rational use of resources. The results of the expert’s survey aimed at establishing the importance of the elements are compared, efforts are made to identify differences in the evaluation the expediency of technology commercialization for information technologies and biotechnologies. The MCDM method has applied the selection of which was established by the motive related to the goal of evaluation – to evaluate the expediency of technology commercialization for information technologies and biotechnologies.

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“…Risk management decision determined by various fuzzy criteria and used by practitioners and supervisors in the construction sector [10]. The fuzzy set theory and fuzzy extensions of multicriteria decision-making models play principal roles in the risks' weighting, responses and choices of means to manage them [15,20].…”

Section: Fuzzy Mcdm Safety Management Problems' Solution Models In Co...mentioning

confidence: 99%

“…Lot of scales evaluating importance of criteria are proposed in scientific papers. For example, rating of perceived exertion Borg scale [7] is a frequently used quantitative measure of perceived exertion (rated exertion on a scale of [6][7][8][9][10][11][12][13][14][15][16][17][18][19][20]. A data is expected to fit into one or another of the absolute categories.…”

Section: An Integrated Delphic-eckenrode's Likert-type Scale-based Fu...mentioning

confidence: 99%

A Fuzzy Group Decision-making Model for Determining the Most Influential Persons in the Sustainable Prevention of Accidents in the Construction SMEs

Turskis

Dziţac

Stankiuviene

et al. 2019

INT J COMPUT COMMUN

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Safety in the sustainable construction is a game with uncertain reality, with human’s life. Managers in power, involved in the construction project life cycle, create rules for the game and are the main players. The project’s success can be perceived differently by stakeholders. A company’s competitiveness, successful implementation of the projects and effective safety management depends on the strategic allocation of its human resources in order to select a proper project team in alignment with employee capabilities. This requires detailed factors reflecting their role (in line with their interests and attitudes) and knowing which of them has a decisive influence on the successful implementation of the project. The real data describing key factors in this concept can be provided as uncertain conditions. This work presents a novel integrated modified fuzzy group decision-making approach to select and rank the most influential persons ensuring the sustainable prevention of accidents at work in the small and medium-sized construction enterprises. This model includes the Delphi method and fuzzy extensions of Eckenrode’s criteria rating method. The proposed model could be expanded in order to select the most suitable individuals for sustainable management of safety and, moreover, for the effective implementation of safety and health measures.

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A novel approach for risk evaluation and risk response planning in a geothermal drilling project using DEMATEL and fuzzy ANP

Cited by 11 publications

References 37 publications

Establishing a Budget for Optimal Response Strategies for Fisks Categorized into Distinct Groups by using a Mathematical Model and Genetic Algorithm

Establishing a Budget for Optimal Response Strategies for Fisks Categorized into Distinct Groups by using a Mathematical Model and Genetic Algorithm

Evaluation of the Expediency of Technology Commercialization: A Case of Information Technology and Biotechnology

A Fuzzy Group Decision-making Model for Determining the Most Influential Persons in the Sustainable Prevention of Accidents in the Construction SMEs

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