Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus

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 rea...

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Main Authors: Galina Shevchenko, Leonas Ustinovichius, Algirdas Andruškevičius
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2008-09-01
Series:Technological and Economic Development of Economy
Subjects:
Online Access:https://journals.vgtu.lt/index.php/TEDE/article/view/6959
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spelling doaj-06c636191851419bb2e12d55a4b768d22021-07-02T04:05:22ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212008-09-0114310.3846/1392-8619.2008.14.428-443Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodusGalina Shevchenko0Leonas Ustinovichius1Algirdas Andruškevičius2Department of Building Technology and Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, LithuaniaDepartment of Building Technology and Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, LithuaniaDepartment of Building Technology and Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, Lithuania 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. First published online: 21 Oct 2010 Reikšminiai žodžiai: ekspertinės sistemos, sprendimų priėmimas, verbalinės analizės metodai, CLARA, SAW https://journals.vgtu.lt/index.php/TEDE/article/view/6959expert systemdecision‐makingverbal analysis methodsmethods of solving multic‐riteria classification problems
collection DOAJ
language English
format Article
sources DOAJ
author Galina Shevchenko
Leonas Ustinovichius
Algirdas Andruškevičius
spellingShingle Galina Shevchenko
Leonas Ustinovichius
Algirdas Andruškevičius
Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus
Technological and Economic Development of Economy
expert system
decision‐making
verbal analysis methods
methods of solving multic‐riteria classification problems
author_facet Galina Shevchenko
Leonas Ustinovichius
Algirdas Andruškevičius
author_sort Galina Shevchenko
title Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus
title_short Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus
title_full Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus
title_fullStr Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus
title_full_unstemmed Multi‐attribute analysis of investments risk alternatives in construction / Statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant SAW ir CLARA metodus
title_sort multi‐attribute analysis of investments risk alternatives in construction / statybos alternatyvų investicinės rizikos daugiatikslė analizė taikant saw ir clara metodus
publisher Vilnius Gediminas Technical University
series Technological and Economic Development of Economy
issn 2029-4913
2029-4921
publishDate 2008-09-01
description 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. First published online: 21 Oct 2010 Reikšminiai žodžiai: ekspertinės sistemos, sprendimų priėmimas, verbalinės analizės metodai, CLARA, SAW
topic expert system
decision‐making
verbal analysis methods
methods of solving multic‐riteria classification problems
url https://journals.vgtu.lt/index.php/TEDE/article/view/6959
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