Fuzzy Probability Method-Based Risk Assessment of International Engineering Project

Abstract:

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In the present paper, the fuzzy probability method is applied to assess the risk of international engineering project. Firstly, According to the risk from the whole cycle of international engineering project, The influential factors of the project bidding risk assessment are analyzed. The risk of international engineering project is divided into four parts, such as national risk, industrial risk, involved parties risk and project’s risk, and an assessment index system of international project risk is constructed. Secondly, based on the fuzzy probability method, a new model of the risk assessment for international engineering project is developed. In order to assess index weighted value scientifically, the analytical hierarchy process (AHP) is introduced into the fuzzy weighted values. Finally, the validity and rationality of the risk evaluation for international engineering project is verified through the risk instance of a project.

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:

3180-3183

DOI:

10.4028/www.scientific.net/AMR.368-373.3180

Citation:

Z. J. Liu and Y. Kong, "Fuzzy Probability Method-Based Risk Assessment of International Engineering Project", Advanced Materials Research, Vols. 368-373, pp. 3180-3183, 2012

Online since:

October 2011

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Price:

$35.00

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