Analytic Network Process Approach to Risk Allocation of EPC Projects Case Study: Gas Refinery EPC Projects in Iran

2014 ◽  
Vol 567 ◽  
pp. 654-659
Author(s):  
Alireza Valipour ◽  
Hadi Sarvari ◽  
Yahaya Nordin ◽  
Md Noor Norhazilan ◽  
Seyed Meysam Khoshnava
Keyword(s):  
Risk Management ◽  
Significant Variation ◽  
Construction Projects ◽  
Analytic Network Process ◽  
Process Approach ◽  
Risk Allocation ◽  
Allocation Criteria ◽  
Network Process ◽  
Gas Refinery

Risk allocation is the most significant factor in risk management. Earlier research has shown that risk allocation is essential to achieve success in construction projects. Risk allocation may fail to be achieved due to lack of a mechanism for joint risk management. Successful optimal risk allocation requires one to identify and evaluate the risk allocation criteria, which interact and overlap with each other and can lead to significant variation in the decision outcome in risk allocation. This study aims to allocate the risks in EPC projects using the analytic network process (ANP) method. The ANP approach is preferable in identifying the problems of interdependence and feedback among various criteria factors. The method utilizes data that are collected through a literature review, interviews, and a questionnaire distributed to EPC project experts. The results have shown that 12 risks are allocated to the developer, 9 risks are shared between developer and contractor, and 12 risks are allocated to the contractor. In conclusion, ANP is found to be suitable in analyzing the feedback and interdependencies among risk allocation criteria.

scholarly journals A NEW HYBRID FUZZY CYBERNETIC ANALYTIC NETWORK PROCESS MODEL TO IDENTIFY SHARED RISKS IN PPP PROJECTS

2016 ◽  
Vol 20 (4) ◽  
pp. 409-426 ◽  
Author(s):  
Alireza VALIPOUR ◽  
Nordin YAHAYA ◽  
Norhazilan MD NOOR ◽  
Abbas MARDANI ◽  
Jurgita ANTUCHEVIČIENĖ
Keyword(s):  
Risk Management ◽  
Process Model ◽  
Expert Knowledge ◽  
Analytic Network Process ◽  
Risk Allocation ◽  
Public And Private ◽  
Complex Process ◽  
Allocation Criteria ◽  
Network Process ◽  
Public And Private Sector

A proper risk management strategy is essential in property management. For controlling and reducing risks on Public-Private Partnership (PPP) project, risk allocation is a major component of PPP risk management. Identifying appropriate shared risks and optimal risk allocation in a structured way is a complex process. The aim of this study is to develop a quantitative approach for equitable risk allocation with attention to identifying dependencies between risk allocation criteria and barriers. The paper presents an approach in the form of a hybrid Fuzzy method and Cybernetic Analytic Network Process (CANP) model for identifying shared risks. The approach involves the use of Fuzzy sets to convert linguistic principles and experiential expert knowledge into systematic quantitative analysis and the CANP to solve the problem of dependency and feedback between criteria and barriers as well as selection of shared risks. A case study is presented to demonstrate the use of the model in selecting shared risks. The study involves development of 10 criteria and 8 barriers. Finally, of 40 significant risks, 14 risks are successfully allocated between the public and private sector in Iranian PPP projects.

scholarly journals AN APPLICATION OF THE ANALYTIC NETWORK PROCESS TO ASSESS RISKS IN A MEGA-CONSTRUCTION PROJECT

2010 ◽  
Vol 2 (2) ◽  
Author(s):  
Sukulpat Khumpaisal ◽  
Mohd Noor Nazali ◽  
Zairul Musa Nisham ◽  
Andrew David Ross
Keyword(s):  
Construction Projects ◽  
Analytic Network Process ◽  
Project Managers ◽  
Decision Makers ◽  
Airport Terminal ◽  
Network Process ◽  
Innovative Tool ◽  
Potential Risks ◽  
Risks Assessment

<p class="Bodytext" style="margin: 0in 0in 0pt;">This paper aims to introduce an Analytic Network Process (ANP) as an innovative tool to support the decision makers or project managers to deal with the potential risks of mega-construction projects. Risks assessment criteria used to accomplish the ANP calculation was based on both a review of the literature and related experience against Social, Technological, Economic, Ecological and Political (STEEP) requirements. A large airport terminal, London Heathrow Terminal 5, was chosen as a case study to demonstrate the effectiveness of the ANP model. The result reveals that ANP is an effective tool to support developers to make decisions based on risks assessment during their feasibility analysis. The ANP model proved its efficiency, and can be adopted by construction practitioners to suit the project requirements in order to assess risks in the mega-projects. However, it is recommended additional study is needed to assess risks in mega-projects.</p><p class="Bodytext" style="margin: 0in 0in 0pt;">http://dx.doi.org/10.13033/ijahp.v2i2.43</p>

scholarly journals EVALUASI SEKOLAH SATU ATAP TERPADU DENGAN MENGGUNAKAN ANALISIS SWOT-ANALYTIC NETWORK PROCESS (STUDI KASUS DI KABUPATEN PURWAKARTA)

2019 ◽  
pp. 271
Author(s):  
Abi Revyansah Perwira ◽  
Bayu Kharisma
Keyword(s):  
Junior High School ◽  
Swot Analysis ◽  
Analytic Network Process ◽  
School Level ◽  
High School Level ◽  
Delegation Of Authority ◽  
Network Process ◽  
One Stop ◽  
Junior High School Level

Abstract: Integrated One-Stop School Evaluation Using Analysis SWOT-Analytic NetworkProcess (Case Study in Purwakarta Regency). One way to reduce dropout rates is through aSekolah Satu Atap Terpadu. One of the regencies in West Java that has organized a SekolahSatu Atap Terpadu as well as the object of this research is Purwakarta regency. By using SWOTAnalyticNetwork Process(ANP)analysis, thisstudyseekstoevaluatewhile providingalternativepolicies for the development of Sekolah Satu Atap Terpadu in Purwakarta regency. The data inthis study were obtained by filling out questionnaires by respondents online through Google Form,where respondents were actors who were directly involved in the implementation of a SekolahSatu Atap Terpadu. From the analysis results obtained Strengths and Threats occupy the highestvalue. Strengths include students could continue their education up to junior high school level andlocal government supports both in terms of budget and curriculum. While Threats, among others,school management has become more complex and the delegation of authority from the central andregional governments is not clear. Therefore, the ST strategy can be used as an alternative policyin increasing Strengths and minimizing Threats.Keywords: Sekolah Satu Atap Terpadu; SWOT Analysis; Analytic Network Process (ANP).

scholarly journals Applying analytical network process to the selection of financing method for abandoned construction projects in Iraq

2021 ◽  
Vol 14 (2) ◽  
pp. 62-70
Author(s):  
Huda Yaseen ◽  
Hafeth I. Naji
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Analytic Network Process ◽  
Construction Sector ◽  
Negative Effects ◽  
Analytical Network Process ◽  
Multiple Risks ◽  
Final Weight ◽  
Network Process ◽  
Selection Of

Construction projects are of a special nature affected by many factors, which makes them exposed to multiple risks that may lead to the abandonment of projects. Recently, the Iraqi construction sector is facing a number of problems. Abandoned construction projects are one of the most common and dangerous problems in the construction industry in Iraq, with their negative effects on stakeholders, the economy, and the environment due to the lack of sufficient financial and administrative capabilities to complete construction projects, which is reflected in exceeding the time limit for the completion of projects. The aim of this research is to use the analytic network process (ANP) technique to choose the best form of Public-Private Partnership (PPP) contracts to fund abandoned projects in Iraq. using a questionnaire survey to determine the most criteria and alternatives for selecting appropriate financing for the abandoned project. The results shown final weight of the Build-Own-Operate (BOO) contract from ANP is 0.533, which is the best form of PPP contract among the alternatives proposed to fund the project.

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