Multicriteria assessment of unfinished construction projects

Possible ways for assessing completion of unfinished residential buildings to achieve appropriate construction project objectives are presented in the paper. The developed model enables an efficient assessment of unfinished projects in Vilnius, the capital of Lithuania. Unfinished building solutions, expressed through indicators, were selected and used to formulate a multicriteria task to be solved by combinations of methods AHP+ARAS, MOORA and MULTIMOORA. A computational model was created and adjusted for a simple and efficient assessment of the adequacy of investment projects in many areas of construction.

[1]  R Ramanathan,et al.  A note on the use of the analytic hierarchy process for environmental impact assessment. , 2001, Journal of environmental management.

[2]  T. Saaty,et al.  The Analytic Hierarchy Process , 1985 .

[3]  Thomas L. Saaty,et al.  An innovative orders-of-magnitude approach to AHP-based mutli-criteria decision making: Prioritizing divergent intangible humane acts , 2011, Eur. J. Oper. Res..

[4]  Edmundas Kazimieras Zavadskas,et al.  Multi‐objective decision‐making for road design , 2008 .

[5]  Edmundas Kazimieras Zavadskas,et al.  Crisis management in construction and real estate: Conceptual modeling at the micro-, meso- and macro-levels , 2011 .

[6]  Frederic S. Mishkin,et al.  Over the Cliff: From the Subprime to the Global Financial Crisis , 2010 .

[7]  Henrikas Sivilevičius,et al.  Modelling the interaction of transport system elements , 2011 .

[8]  Luis G. Vargas,et al.  The allocation of intangible resources: the analytic hierarchy process and linear programming , 2003 .

[9]  W. Gale,et al.  Activist Fiscal Policy , 2010 .

[10]  Robert E. Hall,et al.  Why Does the Economy Fall to Pieces after a Financial Crisis , 2010 .

[11]  Shouzhen Zeng,et al.  Group multi-criteria decision making based upon interval-valued fuzzy numbers: An extension of the MULTIMOORA method , 2013, Expert Syst. Appl..

[12]  Hsin-Hong Kang,et al.  The impact of the 2008 financial crisis on housing prices in China and Taiwan: A quantile regression analysis , 2014 .

[13]  Valentinas Podvezko,et al.  Application of AHP technique , 2009 .

[14]  Edmundas Kazimieras Zavadskas,et al.  Fuzzy Multiple Criteria Assessment of Construction Site Alternatives for Non-Hazardous Waste Incineration Plant in Vilnius City, Applying ARAS-F and AHP Methods , 2012 .

[15]  T. Saaty Fundamentals of Decision Making and Priority Theory With the Analytic Hierarchy Process , 2000 .

[16]  Emel Kizilkaya Aydogan,et al.  Performance measurement model for Turkish aviation firms using the rough-AHP and TOPSIS methods under fuzzy environment , 2011, Expert Syst. Appl..

[17]  E. Zavadskas,et al.  Project management by multimoora as an instrument for transition economies , 2010 .

[18]  Osman Taylan,et al.  Construction projects selection and risk assessment by fuzzy AHP and fuzzy TOPSIS methodologies , 2014, Appl. Soft Comput..

[19]  Jin-Soo Kim,et al.  Analysis of the assessment factors for renewable energy dissemination program evaluation using fuzzy AHP , 2010 .

[20]  Thomas L. Saaty,et al.  An innovative orders-of-magnitude approach to AHP-based mutli-criteria decision making: Prioritizing divergent intangible humane acts , 2011 .

[21]  Eleni Angelopoulou,et al.  Building a Financial Conditions Index for the Euro Area and Selected Euro Area Countries: What Does It Tell Us about the Crisis? , 2013, SSRN Electronic Journal.

[22]  Edmundas Kazimieras Zavadskas,et al.  The MOORA method and its application to privatization in a transition economy , 2006 .

[23]  Cengiz Kahraman,et al.  A fuzzy multiple attribute utility model for intelligent building assessment , 2012 .

[24]  Edmundas Kazimieras Zavadskas,et al.  Assessment of priority alternatives for preservation of historic buildings using model based on ARAS and AHP methods , 2014 .

[25]  Alessio Ishizaka,et al.  Review of the main developments in the analytic hierarchy process , 2011, Expert Syst. Appl..