MULTI‐ATTRIBUTE ANALYSIS OF INVESTMENTS RISK ALTERNATIVES IN CONSTRUCTION / STATYBOS ALTERNATYVŲ INVESTICINĖS RIZIKOS DAUGIATIKSLĖ ANALIZĖ TAIKANT SAW IR CLARA METODUS

Galina Shevchenko · Leonas Ustinovičius · Algirdas Andruškevičius

87 citations0/0 files storedTechnological and Economic Development of Economy

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Multi-Criteria Decision Making Construction Project Management and Performance Capital Investment and Risk Analysis

Abstract

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 principles 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. Santrauka Šiame straipsnyje nagrinėjamos daugiatikslės analizės metodų taikymo galimybės. Svarbus investicijų efektyvumo garantas yra nuodugni investicinių projektų analizė ir vertinimas. Tai leidžia pagal tam tikrus kriterijus nustatyti investavimo variantų efektyvumą. Vertinimo kriterijai turi būti grindžiami tiek investicinį projektą įgyvendinančio subjekto, tiek investuotojo interesais. Analizuojant investicinius procesus yra susiduriama su įvairaus pobūdžio informacija – kokybinė ir kiekybinę. Šiame straipsnyje yra siūlomi du metodai, analizuojantys (įvertinantys) investicinę riziką – SAW ir CLARA metodai. Pateikti metodų pritaikymo rezultatai.

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References

2005Multiple Criteria Decision Analysis: State of the Art Surveys 2000Multi-criteria Decision Making Methods: A Comparative Study 1994Highlights and critical points in the theory and application of the Analytic Hierarchy Process 1973Linear Programming Techniques for Multidimensional Analysis of Preferences 2006Evaluation of Ranking Accuracy in Multi-Criteria Decisions 2005A multiple criteria evaluation of multi-family apartment block's maintenance contractors: I—Model for maintenance contractor evaluation and the determination of its selection criteria 2007Application of a quantitative multiple criteria decision making (MCDM-1) approach to the analysis of investments in construction 2007EVALUATING THE SUSTAINABILITY OF VILNIUS CITY RESIDENTIAL AREAS

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