The DOI matches its Crossref record.
Modelling global risk factors affecting construction cost performance
Open accessAbstract
Abstract This paper discusses the core issues of global risk factors modelling, assessment and management. The research reported upon forms part of a larger study that aims to develop a fuzzy decision framework for contractors to handle global risk factors affecting construction cost performance at a project level. Major global risk factors affecting cost performance were identified through an extensive literature review and preliminary discussions with construction contractors. The main decision perspectives namely normative and behavioural were explored. Different decision-making technologies, both classical and emergent, such as classical management science techniques and DSSs, KBSs were explored and evaluated. Preliminary indications show that Fuzzy Set Theory is a viable technology for modelling, assessing and managing global risk factors affecting construction cost performance and thus a fuzzy decision framework for risk management can be successfully developed.
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Citations
Cited by
Olawale, Y. A., & Sun, M. (2010) · Construction Management and Economics · doi:10.1080/01446191003674519 · Cited by 478
Towards a better modelling and assessment of construction risk: Insights from a literature review
Taroun, A. (2014) · International Journal of Project Management · doi:10.1016/j.ijproman.2013.03.004 · Cited by 387
Eybpoosh, M., Dikmen, I., & Talat Birgonul, M. (2011) · Journal of Construction Engineering and Management · doi:10.1061/(asce)co.1943-7862.0000382 · Cited by 217
Islam, M. S., Nepal, M. P., Skitmore, M., & Attarzadeh, M. (2017) · Advanced Engineering Informatics · doi:10.1016/j.aei.2017.06.001 · Cited by 163
Valipour, A., Yahaya, N., Md Noor, N., Kildienė, S., Sarvari, H., & Mardani, A. (2015) · Journal of Civil Engineering and Management · doi:10.3846/13923730.2015.1051104 · Cited by 111
Metadata
- Authors
- Baloi, D., & Price, A. D. F.
- Venue
- International Journal of Project Management
- Publisher
- Elsevier BV
- Published
- 2003-05
- Volume
- 21
- Issue
- 4
- Pages
- 261-269
- ISSN
- 0263-7863 (ISSN-L)
- OpenAlex
- W2092066568
- Cited by
- 587
- References
- 0
- FWCI
- 7.24
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
