Development of an economic­mathematical model to determine the optimal duration of project operations

Chaikovska, Inna; Chaikovskyi, Maksym

doi:10.15587/1729-4061.2020.205114

Cited by 1 publication

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References 9 publications

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“…The following subsystems are distinguished in the project management system: time management [1], labor resources, cost, information and communications, quality, project risks, etc. Project risk management is one of the most important subsystems of project management because it allows at the planning stage of the project to identify problematic issues for its successful implementation.…”

Section: Problem Descriptionmentioning

confidence: 99%

Economic-mathematical model for complex risk assessment of the enterprise investment project using fuzzy logic

2021

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The article proposes an economic-mathematical model for determining a comprehensive risk assessment of the investment project of the enterprise which are based on the approaches of A. Nedosekin. The model is built using fuzzy logic and takes into account the probability of occurrence of each of the identified risks and the level of impact of each of them on the project. The probability of risk is set by experts in the form of points and converted into linguistic terms, and the level of influence of each of them on the project – the ratio of benefits and is determined using Fishburne scales. The proposed Project Risk Model consists of the following stages: formation of initial data using expert opinions; construction of a hierarchical project risk tree; determination of weight coefficients (Fishburne weights) of project risks; selection and description of membership function and linguistic variables; conversion of input data provided by experts from a score scale into linguistic terms; recognition of qualitative input data on a linguistic scale; determination of a complex indicator of investment project risks; interpretation of a complex indicator. The developed model allows managing the risks of the project to maximize the probability of its successful implementation, to compare alternative projects and choose less risky, to minimize the level of unforeseen costs of the project.

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Section: Problem Descriptionmentioning

confidence: 99%

Economic-mathematical model for complex risk assessment of the enterprise investment project using fuzzy logic

2021

Self Cite

View full text Add to dashboard Cite

show abstract

Development of an economicmathematical model to determine the optimal duration of project operations

Cited by 1 publication

References 9 publications

Economic-mathematical model for complex risk assessment of the enterprise investment project using fuzzy logic

Economic-mathematical model for complex risk assessment of the enterprise investment project using fuzzy logic

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Development of an economic­mathematical model to determine the optimal duration of project operations

Cited by 1 publication

References 9 publications

Economic-mathematical model for complex risk assessment of the enterprise investment project using fuzzy logic

Economic-mathematical model for complex risk assessment of the enterprise investment project using fuzzy logic

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Development of an economicmathematical model to determine the optimal duration of project operations