Publications / 2008 Proceedings of the 25th ISARC, Vilnius, Lituania

Multiattribute Analysis of Investment Risks in Construction

Leonas Ustinovichius, Zenonas Turskis, Galina Shevchenko
Pages 682-687 (2008 Proceedings of the 25th ISARC, Vilnius, Lituania, ISBN 978-9955-28-304-1, ISSN 2413-5844)
Abstract:

The risk of investment in a construction objects is an important decision leading to the project success. The decisionmaking 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 model 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 method of multiattribute comparativite analysis of variants of investment classified risks in construction. A practical case to illustrate how the model works is presented.

Keywords: SAW, investment risks, classification, multiattribute analysis