Journal ArticleDOI
A fuzzy decision-making model for risk ranking with an application to an onshore gas refinery
TLDR
This paper aims to identify the important risks in Iranian onshore gas refinery plants and introduce new effective criteria and results indicate that fuzzy LINMAP outperforms fuzzy TOPSIS in project risk ranking.Abstract:
This paper aims to identify the important risks in Iranian onshore gas refinery plants and introduce new effective criteria. Risks are prioritised on the basis of the significance of impacts on typical project objectives in terms of cost, time, quality, safety and environmental sustainability. Then, this problem is defined in the Fuzzy Multicriteria Decision-Making (FMCDM) field. The Fuzzy Technique for Order Preference by Similarity to Ideal Solution (FTOPSIS) and Fuzzy Linear Programming Technique for Multidimensional Analysis of Preference (FLINMAP) methods are presented to rank the high risks. These two FMCDM modelling mechanisms are compared to find the better performance in project risk ranking. Moreover, a case study was conducted on the procedure of the proposed model and the results indicate that fuzzy LINMAP outperforms fuzzy TOPSIS. Therefore, the ranks of risks differ from one MCDM model to another. The selection of a proper MCDM model for risk ranking depends on the project's nature, the accuracy of data gathered on risk and experience.read more
Citations
More filters
Journal ArticleDOI
A review of multi-criteria decision-making methods for infrastructure management
TL;DR: A comprehensive review on the application of multi-criteria decision-making (MCDM) literature in the field of infrastructure management is presented in this paper, which identifies trends and new developments in MCDM methods.
Journal ArticleDOI
Risk evaluation of tunneling projects
TL;DR: In this paper, a real world case study is presented to show the effectiveness and the accuracy of the new risk evaluation model, and the results demonstrated that collapse is the riskiest parameter in Ghomroud water conveyance tunneling project.
Journal ArticleDOI
Tunnel Boring Machine (TBM) selection using fuzzy multicriteria decision making methods
TL;DR: An evaluation model based on the fuzzy analytic hierarchy process (AHP) and another fuzzy MCDM technique, namely fuzzy technique for order performance by similarity to ideal solution (TOPSIS) is developed to help the tunneling designers in the process of the TBM selection under fuzzy environment.
Journal ArticleDOI
An integrated model for prioritizing strategies of the iranian mining sector: Irano kasybos sektoriaus strategijų prioriteto nustatymo integruotas modelis
TL;DR: Fuzzy multi criteria decision making (FMCDM) techniques are appropriate tools to prioritize under sophisticated environmental and Balanced Scorecard is a management system that helps organizations at dealing with today's pace of business and enables business managers to make better decisions.
Journal ArticleDOI
Risk assessment for highway projects using jackknife technique
TL;DR: The non-parametric jackknife resampling technique is applied in highway projects and the common risk ranking and jackknife risk ranking are compared in detail and illustrated with the risk data from a highway project, and also compared with the normal probability plot.
References
More filters
Book
Multiple Attribute Decision Making: Methods and Applications
TL;DR: In this paper, the authors present a classification of MADM methods by data type and propose a ranking method based on the degree of similarity of the MADM method to the original MADM algorithm.
Book
the delphi method: techniques and applications
Harold A. Linstone,Murray Turoff +1 more
TL;DR: The present model clarifies some of the conceptual problems associated with cross-impact analysis, and supplies a relatively sound basis for revising probability estimates in the limited case where interactions can be approximated by relative probabilities.
Journal ArticleDOI
Extensions of the TOPSIS for group decision-making under fuzzy environment
TL;DR: The rating of each alternative and the weight of each criterion are described by linguistic terms which can be expressed in triangular fuzzy numbers and a vertex method is proposed to calculate the distance between two triangular fuzzyNumbers.
Journal ArticleDOI
Introduction to Fuzzy Arithmetic, Theory and Applications.
TL;DR: This book introduced many novel mathematical operations based on this concept of level of confidence and have presented many generalizations, and presented several operations and functions of fuzzy numbers, such as integer modulo operations, trigonometric functions, and hyperbolic functions.