Multi-attribute analysis of investment risks in construction

Abstract

The risk of investment in a construction objects is an important decision leading to the project success. The decision-making process, based on the established risk assessment principles expressed in linguistic terms, requires qualitative judgement and experiential knowledge of the construction experts. Presented structured and realistic model deals systematically with different risk management situations and assist the investors in reaching the correct risk assessment of possible alternatives will be of great value. This paper presents a method of multiattribute comparativite analysis of variants of investment classified risks in construction. A practical case to illustrate how the model works is presented.