Evaluate Engineering Project Risk Based on Fuzzy Set

Abstract:

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Engineering projects often face risks from technology, economy, nature, social and other aspects. Risk factors are of interdependence and interaction, so they are very difficult to be quantified. The paper describes a risk evaluation method for engineering projects based on fuzzy set theory which uses respective fuzzy numbers to evaluate the factors. The primary weights of factors and evaluation of alternatives are determined by applying fuzzy numbers. The results are consistent with the results calculated by conventional risk evaluation method. The research demonstrates that the method is objective and accurate, and is of an application value in the risk evaluation for engineering projects.

Info:

Periodical:

Advanced Materials Research (Volumes 368-373)

Edited by:

Qing Yang, Li Hua Zhu, Jing Jing He, Zeng Feng Yan and Rui Ren

Pages:

2216-2219

DOI:

10.4028/www.scientific.net/AMR.368-373.2216

Citation:

W. Zhang and L. F. Sun, "Evaluate Engineering Project Risk Based on Fuzzy Set", Advanced Materials Research, Vols. 368-373, pp. 2216-2219, 2012

Online since:

October 2011

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Price:

$35.00

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