Multi‐attribute analysis of investments risk alternatives in construction

Galina Shevchenko, Leonas Ustinovichius, Algirdas Andruškevičius
2008 Technological and Economic Development of Economy  
In project development it is hardly possible to get exhaustive and accurate information. As a result, the situations occur, the consequences of which can be very damaging to the project. Inaccurate evaluation of the strategy related to capital investment and project implementation is one of the reasons why such estimates are not required in practice. Instead, a classification approaches may be used for this purpose. The decision-making process, based on the established risk assessment
more » ... expressed in linguistic terms, requires qualitative judgement and experiential knowledge of the construction experts. Presented structured and realistic methods deals systematically with different risk management situations and assist the investors in reaching the correct risk assessment of possible alternatives will be of great value. This paper presents a methods of multiattribute comparativite analysis (CLARA and SAW methods) of variants of investment classified risks in construction. A practical case to illustrate how the methods works is presented.
doi:10.3846/1392-8619.2008.14.428-443 fatcat:quo7uawcdbeh3jz5apgcb5vjma