Application of verbal methods to multi–attribute comparative analysis of investments risk alternatives in construction

Abstract

Management of investment risk is a usual practice of any investment project. The estimation of risk must be carried out at various project stages. Management of investments risk means presence of the all procedures control in any phase of the project. Quite reliable estimations of investments quality are a challenge because the uniform parameter of probability of means return does not exist yet. There is a set of attributes (parameters, factors, criteria) necessary for considering. The investor works conditions changes continuously due to an economic situation changes. The rules of an estimation of investment projects quality really can be based only on the politician of a management of the investor and lean on its intuition and experience. During decision-making becomes classification essential a role, i.e. the attitude of objects to classes of decisions. The classification subject objects can be described by means of various attributes estimations. The attributes can have both qualitative and quantitative character. At competent statement of investment process is in parallel used a method. There are known various methods of such problems decision. Verbal methods are applying in the given work for definition of investments risk in construction. The offered method of the best of building investment projects variants selection is tested in the decision of actual problem.