Using fuzzy multiple criteria decision making approach to enhance risk assessment for metropolitan construction projects

Kuo, Yao-Chen; Lu, Shih-Tong

doi:10.1016/j.ijproman.2012.10.003

Cited by 173 publications

(113 citation statements)

References 40 publications

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“…In this regard, there is a lack of development of a methodology for the particular assessment of risks for OGC projects. Furthermore, based on Kuo and Lu [32], it is necessary to study more creative risk assessment results further. Therefore, the purpose of this study is to propose a novel methodology for risk assessment that is suitable for OGC projects.…”

Section: Problem Statement and Our Contributionsmentioning

confidence: 99%

“…It is proven that risk management is necessary for successful projects, and the whole method is employed in various sectors of construction projects to assure the quality of the product in these areas [5,32]. There is a strong connection between the level of project success and focus on risk management [52].…”

Section: Risk Managementmentioning

confidence: 99%

“…The success of risk management requires a wide assessment of risk management processes [32]. In the said field, numerous studies that have suggested various processes for risk management.…”

Section: Risk Managementmentioning

confidence: 99%

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DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

et al. 2017

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Oil and gas construction projects are complex and risky because of their dynamic environment. Furthermore, rising global energy demand has increased the need for trustworthy risk assessment models for such projects that can provide adequate and precise policy planning. Traditional risk assessments in oil and gas construction projects do not consider the interrelationships of factors in the best-fit models. The Decision Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Processes (ANP), called the DEMATEL-ANP approach, have been applied to other research disciplines to address this shortcoming. This method is able to construct a structural relationship among the different influence factors to visualize complex correlations. Thus, the purpose of this study is to showcase the DEMTAL-ANP risk assessment model to assess the overall risk factors of OGC projects. This study thus identifies the crucial risk criteria of such projects. Data were collected in 2016 through interviews with experts active in OGC projects in Iran. DEMATEL in this situation is used to determine the interdependencies' relative strengths among the risks. The ANP method is applied to assess the relative importance of the risk factors and to determine the best strategy for implementation of a risk management program. The results presented in this study are a novel adaptation of the risk assessment methodology to OGC projects that determines the important risk factors that directly affect the project success, which in turn helps in formulation of policies for ensuring reliable energy supply planning.

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Section: Problem Statement and Our Contributionsmentioning

confidence: 99%

Section: Risk Managementmentioning

confidence: 99%

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DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

et al. 2017

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“…There are more crucial like time related risks, quality related risks, environment related risks, safety related risks, design drawing errors, natural hazards and many others (Kuo & Lu, 2013;Hwang, Zhao & Shu Gay, 2013).…”

Section: Risk Factors In Construction Projectsmentioning

confidence: 99%

Zadania menedżera ryzyka w przedsiębiorstwie budowlanym

Bizon-Górecka

Górecki

2017

ACTA SCIENTIARUM POLONORUM - Architectura Budownictwo

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“…In recent years, FMCDM has been successfully applied in many practical fields, for examples: suppliers evaluation [4,5,6], risk assessment [7], financial or accounting evaluation [8,9] etc. However, the application on five-star hotel service quality evaluation has not yet been found in relevant literature.…”

Section: The Research Framework Of Fuzzy Decision-making Modelmentioning

confidence: 99%

Fuzzy Multiple Criteria Decision Making Method Applied to Evaluation of Service Quality for Five-Star Hotels

Wu¹,

Ting²

2016

Proceedings of the 2016 International Conference on Management Science and Management Innovation

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Abstract-this study uses Fuzzy Multiple Criteria DecisionMaking (FMCDM) theory combined with the Expert Opinion method to provide appropriate evaluation criteria weights and fuzzy numbers, and uses Fuzzy Ranking methods for ranking based on an integrated assessment to serve as the basis and reference for the "Best Five-Star Tourist Hotel Service Quality Award" in Taiwan. This study is based on a sample rating of 8 participating hotels, supplemented by relevant literature for more in-depth discussions, and puts forward relevant practical and research proposals.

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Using fuzzy multiple criteria decision making approach to enhance risk assessment for metropolitan construction projects

Cited by 173 publications

References 40 publications

DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

Zadania menedżera ryzyka w przedsiębiorstwie budowlanym

Fuzzy Multiple Criteria Decision Making Method Applied to Evaluation of Service Quality for Five-Star Hotels

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