2024
DOI: 10.48084/etasr.7526
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Establishing a Budget for Optimal Response Strategies for Fisks Categorized into Distinct Groups by using a Mathematical Model and Genetic Algorithm

Hiba Omer Aljorany,
Ahmed Mohammed Raoof Mahjoob

Abstract: 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 … Show more

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