A review of application of multi-criteria decision making methods in construction

Construction is an area of study wherein making decisions adequately can mean the difference between success and failure. Moreover, most of the activities belonging to this sector involve taking into account a large number of conflicting aspects, which hinders their management as a whole. Multi-criteria decision making analysis arose to model complex problems like these. This paper reviews the application of 22 different methods belonging to this discipline in various areas of the construction industry clustered in 11 categories. The most significant methods are briefly discussed, pointing out their principal strengths and limitations. Furthermore, the data gathered while performing the paper are statistically analysed to identify different trends concerning the use of these techniques. The review shows their usefulness in characterizing very different decision making environments, highlighting the reliability acquired by the most pragmatic and widespread methods and the emergent tendency to use some of them in combination

Risk assessment model selection in construction industry. Expert Systems with Applications

a b s t r a c t Construction industry faces a lot of inherent uncertainties and issues. As this industry is plagued by risk, risk management is an important part of the decision-making process of these companies. Risk assessment is the critical procedure of risk management. Despite many scholars and practitioners recognizing the risk assessment models in projects, insufficient attention has been paid by researchers to select the suitable risk assessment model. In general, many factors affect this problem which adheres to uncertain and imprecise data and usually several people are involved in the selection process. Using the fuzzy TOPSIS method, this study provides a rational and systematic process for developing the best model under each of the selection criteria. Decision criteria are obtained from the nominal group technique (NGT). The proposed method can discriminate successfully and clearly among risk assessment methods. The proposed approach is demonstrated using a real case involving an Iranian construction corporation