Research on Risk Evaluation in Urban Rail Transit Project

Tang, Wenbin; Zhang, Feilian; Ye, Ze; Li, Jingjing

doi:10.1016/j.proeng.2011.08.945

Cited by 5 publications

(8 citation statements)

References 2 publications

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“…Mousavi et al (2011) also developed a risk assessment model for highway projects using the jackknife technique. In addition, the use of the ANP to evaluate risk has been practiced by Tang et al (2011) on urban rail transit projects in China and by Valipour et al (2013) on a gas refinery EPC in Iran. Yu and Lee (2012) also proposed a conflict-risk assessment model for an urban regeneration project based on the fuzzy-failure mode and effect analysis (Fuzzy-FMEA).…”

Section: Literature Reviewmentioning

confidence: 99%

“…All above introduced along with a number of other examples indicate that lack of evaluating relationships and feedback among risks on project objectives is one of the reasons behind the weak accuracy of risk assessment and risk analysis of construction projects and PPP projects (Nasirzadeh et al 2008;Tang et al 2011;Peckiene et al 2013;Turskis et al 2012). To support this, Zegordi et al (2012) developed a FANP-TOPSIS method for the risk assessment of EPC power plant project risks in Iran focusing on dependency and feedback among different criteria for risk assessment such as probability and impact.…”

Section: Literature Reviewmentioning

confidence: 99%

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A Fuzzy Analytic Network Process Method for Risk Prioritization in Freeway PPP Projects: An Iranian Case Study

Valipour

Yahaya

Noor

et al. 2015

Journal of Civil Engineering and Management

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Risk assessment is one of the most important factors in achieving success in public-private partnership (PPP) projects. Some relationships between risks in freeway projects have been established. The occurrence of each risk can worsen the effects of others such as a negative impact of financial risks on construction risks. This paper is aimed at prioritizing significant risks in freeway PPP projects applying a fuzzy analytic network process (FANP) method for overcoming the problems of interdependencies and feedback among different risk-ranking alternatives. Data on the study have been collected through a literature review, an interview and a questionnaire survey distributed to experts in the field of freeway PPP projects. The obtained results have shown that financial, legal and political risks are the most significant groups, although improper design, changes in the value of granted lands and the termination of concession are the most important risks. The findings help with strengthening the capabilities of developing countries for risk management in freeway PPP projects.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

A Fuzzy Analytic Network Process Method for Risk Prioritization in Freeway PPP Projects: An Iranian Case Study

Valipour

Yahaya

Noor

et al. 2015

Journal of Civil Engineering and Management

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“…An analytic network process (ANP) technique to evaluate risk was used by Tang et al (2011) for Chinese urban rail transit projects and by Alireza et al (2013) for a gas refinery engineeringprocurement-construction (EPC) project in Iran. Yu and Lee (2012) used a conflict-risk assessment technique for an urban renewal project based on the fuzzy failure mode (Fuzzy-FMEA).…”

Section: Reviews Of Multi-attribute Decision-making (Madm) Techniquesmentioning

confidence: 99%

Risk Assessment in PPP Projects by Applying Different MCDM Methods and Comparative Results Analysis

Valipour

Sarvari

Tamošaitienė

2018

Administrative Sciences

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Recently, risk assessment has become one of the most challenging issues in the areas of construction and public-private partnerships (PPPs). To address risk assessment issues, various decision-making techniques have been proposed, each with its own specific disadvantages and advantages. This paper investigates step-wise weight assessment ratio analysis (SWARA), complex proportional assessment (COPRAS), fuzzy analytic network process (FANP), fuzzy analytic hierarchy process (FAHP), fuzzy technique for order of preference by similarity to ideal solution (FTOPSIS), simple additive weighting (SAW) and evaluation based on distance from average solution (EDAS) in order to define how various multi-attribute decision-making (MADM) methods compare when used for risk assessment in PPP projects. For this study, 5 risk assessment criteria and 10 types of risk used in Iranian highway PPP projects were selected. Four suitability and applicability tests were used to measure agreement between the rankings derived from the MADM methods. Final results show that all techniques had approximately the same rankings of risk assessment, with the SWARA, COPRAS, and EDAS methods performing slightly better. The findings of this study will help the parties in PPP and construction projects to select the best risk assessment method.

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“…These techniques are combined with fuzzy set theory (FST) to address the uncertainty and imprecision of input data as well as the subjectivity of experts to rank project risks. Fuzzy ANP was used to establish a risk evaluation system for the urban rail project in China (Tang et al, 2011) and develop a risk assessment methodology to address the MCDM project evaluation challenges (Yazdani et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Risk prioritisation using fuzzy analytic network process: A case of Addis–Djibouti railway construction project

Gashaw

Jilcha

2021

Multi Criteria Decision Anal

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The purpose of this paper is to develop a risk assessment model to prioritise the risks of railway construction projects. A fuzzy analytic network process (FANP) is employed to rank project risks based on the likelihood of project risks and their impact on cost and time. Fuzzy set theory is used to represent the vagueness in each expert's judgment, while ANP is used to deal with interdependence and feedback effects of risks. The data for this study was collected through literature reviews, interviews, and questionnaires. According to the study results, the right-of-way corresponds to the top risk that has highest impact on time and cost. Construction errors and incomplete contract details were found to rank second and third in terms of risk severity. Similarly, design changes and lack of coordination among parties are ranked fourth and fifth, respectively. The study results help practitioners and decisionmakers understand the main risks of the Ethiopian railway construction projects and take proactive actions accordingly. Furthermore, this paper can help researchers' model project risks and analyse their impact on project objectives considering uncertainty, interdependence, and feedback.

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Research on Risk Evaluation in Urban Rail Transit Project

Cited by 5 publications

References 2 publications

A Fuzzy Analytic Network Process Method for Risk Prioritization in Freeway PPP Projects: An Iranian Case Study

A Fuzzy Analytic Network Process Method for Risk Prioritization in Freeway PPP Projects: An Iranian Case Study

Risk Assessment in PPP Projects by Applying Different MCDM Methods and Comparative Results Analysis

Risk prioritisation using fuzzy analytic network process: A case of Addis–Djibouti railway construction project

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