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Proceedings of

International Conference on Advances in Civil, Structural and Mechanical Engineering ACSME 2014

"PERFORMANCE EVALUATION OF CONSTRUCTION PROJECT USING MULTI CRITERIA DECISION MAKING METHODS"

M. GOPAL NAIK VINDHYA KATARLA
DOI
10.3850/978-981-07-8859-9_42
Pages
70 - 74
Authors
2
ISBN
978-981-07-8859-9

Abstract: “In developing countries, where resources are limited, it is important to develop and study all available alternatives effectively and efficiently to improve project performance and in decision making. Performance evaluation techniques can help to find ways to improve solutions to the problems by providing a measured balance in cost, schedule, and quality via the performance evaluation of alternatives. This requires a motivated team of multi-disciplined professionals in cooperation with well-established project stakeholders who are stimulated and guided by the appropriate methods.Many quantitative methods have been developed to facilitate making rational decision making involving multi criteria. Most methods either ignore or barely include non-quantifiable factors. Analytical Hierarchy Process and Multi Attribute Utility Theory methods allow the inclusion of non-quantifiable parameters such as environmental, social and political criteria beside quantifiable cost-effective technical and”

Keywords: criteria decision making, Performance evaluation, Analytical hierarchy process, Multi attribute utility theory

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