A fuzzy stochastic technique for project selection

Construction Management and Economics

Volumn 18, Issue 4, 2000, Pages 407-414

  Wong, Eric T T ^a,d   Norman, George ^b   Flanagan, Roger ^c  

^a HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

^b TUFTS UNIVERSITY   (United States)

^c UNIVERSITY OF EDINBURGH   (United Kingdom)

^d UNIVERSITY OF READING   (United Kingdom)

Author keywords

Fuzzy analysis; Multi attribute utility theory; Project risk; Stochastic dominance

Indexed keywords

AGGREGATES; DECISION MAKING; DECISION SUPPORT SYSTEMS; DECISION THEORY; FUZZY SETS; PROBABILITY DISTRIBUTIONS; RISK ASSESSMENT;

DECISION MAKER'S PREFERENCES; FUZZY ANALYSIS; MULTI-ATTRIBUTE DECISIONS; MULTI-ATTRIBUTE UTILITY THEORY; PROBABILISTIC INFORMATION; PROJECT RISK; PROJECT SELECTION PROBLEM; STOCHASTIC DOMINANCE;

STOCHASTIC SYSTEMS;

EID: 14544267876     PISSN: 01446193     EISSN: None     Source Type: Journal    
DOI: 10.1080/01446190050024824     Document Type: Article

References (23)

1. Ang, A.H. S and Tang, W.H. (1984) Probability Concepts in Engineering Planning and Design, Vol. II, Wiley, New York.
2. Bunn, D.W.(1984) Applied Decision Analysis, McGraw-Hill, London.
3. Canada, J.R. and W.G. Sullivan (1989,) Economic and Multiattribute Evaluation of Advanced Manufacturing Systems, Prentice-Hall, Englewood Cliffs, NJ.
4. Chankone, V. and Haimes, Y.Y. (1983) Multiobjective Decision Making, North-Holland, New York.
5. Dubois, D. and Prade, H. (1980) Fuzzy Sets and Systems: Theory and Applications, Academic Press, New York.
6. Dubois, D. and Prade, H. (1985) Fuzzy cardinality and the modeling of imprecise quantification, Fuzzy Sets and Systems, 16, 199-230.
7. Flanagan, R. and Norman, G. (1993) Risk Management and Construction, Blackwell, Oxford.
8. Finch, E. (1992) Environmental assessment of construction projects, Construction Management and Economics, 10, 5-18.
9. Hertz, D.B. and Thomas, H. (1983) Risk Analysis and its Applications, Wiley, New York.
10. Hillier, F.S. (1963) The Evaluation of Risky Interrelated Investments, North-Holland, Amsterdam.
11. Keeney, R.L. and Raiffa, H. (1976) Decisions with Multiple Objectives: Preferences and Value Tradeoffs, Wiley, New York.
12. Kirkwood, C.W. (1992) Notes on Applied Multi-attribute Preference Theory, Technical Report No. DIS 91/92-12, Department of Decision and Information Systems, Arizona State University.
13. Lin, C.T. and Lee, C.S. (1996) Neural Fuzzy Systems, Prentice-Hall, London.
14. Moselhi, O. and Deb, B. (1993) Project selection considering risk. Construction Management and Economics, 11, 45-52.
15. Olkin, I., Glesser, L.J. and Derman, C. (1980) Probability Models and Applications, Collier Macmillan, London.
16. Park, C.S. and Sharp-Bette, G.P. (1990) Advanced Engineering Economics, Wiley, New York.
17. Ross, T.J. (1995) Fuzzy Logic with Engineering Applications, McGraw-Hill, London.
18. Saaty, T.L.(1990) How to make a decision: the analytic hierarchy process, European Journal of Operations Research, 48, 9-26.
19. Shapiro, S.S. and Gross, A.J. (1981) Statistical Modeling Techniques, Marcel Dekker, New York.
20. Springer, M.D. (1979) The Algebra of Random Variables, Wiley, New York.
21. Takeguchi, T. and Akashi, H. (1984) Analysis of decisions under risks with incomplete knowledge, IEEE Transactions on Systems, Man and Cybernetics, 14(4), 618-625.
22. von Neumann, J. and Morgenstern, O. (1944) Theory of Games and Economic Behavior, Princeton University Press, Princeton, NJ.
23. Wong, T.T. and Norman, G. (1997) Economic evaluation of materials planning systems for construction, Constntction Management and Economics, 15, 39-47.