Evaluation of Investment Risk in International Engineering Project Based on Improved Risk Matrix Method

Jin Liu; Xuan Neng Gao

doi:10.4028/www.scientific.net/AMR.255-260.3887

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Risk Assessment and Transaction Cost Incorporated Budgeting for Construction Joint Ventures
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The Application of Construction Company Selection with Multi-Attribute Decision Making Model under the Uncertain Condition
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Analysis on Whole Life Cycle Cost Management of Highway Engineering
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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 255-260Evaluation of Investment Risk in International...

Evaluation of Investment Risk in International Engineering Project Based on Improved Risk Matrix Method

Abstract:

In this paper, risk acceptability evaluation and risk weight and improved risk level were added in original risk matrix method according to its shortcomings and practicality and need of evaluation of investment risk in international engineering project. A model based on improved risk matrix method was put forward to evaluate investment risk in international engineering project. Firstly, investment risk evaluation index system of international engineering project was established. Secondly, level of risk factors were decided by risk impact level and risk probability scope, borda ordinal value was calculated to form judgment matrix, analytic hierarchy process was introduced to calculate risk weight. Synthetic risk level was determined by product of quantized value of risk level and corresponding risk weight. Risk acceptability evaluation was decided by risk impact level and risk probability scope. Finally, a case study was presented to verify the feasibility of the model which would provide a reliable basis for the investment decision.

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Periodical:

Advanced Materials Research (Volumes 255-260)

Pages:

3887-3892

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.255-260.3887

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Online since:

May 2011

Authors:

Jin Liu, Xuan Neng Gao

Keywords:

Analysis Hierarchy Process (AHP), Evaluation of Investment Risk, Improved Risk Matrix, International Engineering Project

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References

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