Branding/Logomark minus Citation Combined Shape Icon/Bookmark-empty Icon/Copy Icon/Collection Icon/Close Copy 7 no author result Created with Sketch. Icon/Back Created with Sketch. Match!

Risk assessment in cross-border transport infrastructure projects: A fuzzy hybrid method considering dual interdependent effects

Published on Jul 1, 2019in Information Sciences 5.52
· DOI :10.1016/j.ins.2019.03.028
Jianping LiXiaolei19
Estimated H-index: 19
(CAS: Chinese Academy of Sciences),
Jin Zhang1
Estimated H-index: 1
(CAS: Chinese Academy of Sciences),
Weilan Suo1
Estimated H-index: 1
(CAS: Chinese Academy of Sciences)
Cite
Abstract
Abstract To promote trade facilitation and regional integration, several cross-border transport infrastructure (CBTI) projects have been implemented and are accompanied by high complexity, difficulty, and uncertainty. This presents a multi-dimensional challenge for risk assessment. However, the challenge is amplified by the presence of dual interdependent effects induced by risk factor cascading propagation and project interaction. The purpose of this study involves developing a fuzzy decision analysis method for risk assessment in CBTI projects by considering dual interdependent effects. First, a holistic risk assessment framework with five resolution phases is presented and includes preliminary preparation, information processing, interdependent effect analysis, risk aggregation, and risk rating. Subsequently, a fuzzy hybrid method is proposed based on extending and integrating the decision making trial and evaluation laboratory (DEMATEL), two-additive Choquet integral (TACI), and fuzzy reasoning. The method is used to clarify the risk profile of the CBTI project, and the risk sources and risk controllability are further diagnosed to support risk treatment. Finally, the effectiveness and superiority of the proposed method is demonstrated via a potential application. The results indicate that the proposed method that considers dual interdependent effects is advantageous in terms of ensuring risk assessment accuracy and risk treatment effectiveness in CBTI projects.
  • References (50)
  • Citations (1)
Cite
References50
Newest
Dengsheng Wu10
Estimated H-index: 10
(CAS: Chinese Academy of Sciences),
Xiaoqian Zhu7
Estimated H-index: 7
(CAS: Chinese Academy of Sciences)
+ 2 AuthorsJianping LiXiaolei19
Estimated H-index: 19
(CAS: Chinese Academy of Sciences)
Studies on software risk response theories and methods play an important role in improving the success rate of software project. With the requirement of software risk management, the existing single-objective risk response strategies section model is difficult to manage software risks effectively. This paper regards software risk response cost and software risk exposure as optimization objectives and proposes a multiobjective risk response strategies optimization model for software project. Furt...
Published on Jan 1, 2019in Information Sciences 5.52
Fan Jia1
Estimated H-index: 1
(Shandong University of Finance and Economics),
Peide Liu17
Estimated H-index: 17
(Shandong University of Finance and Economics)
Abstract Three-way decisions provide a new research perspective for solving decision-making problems. Under a multiple-criteria environment, this paper proposes a novel decision model based on the combination of three-way decisions and multi-criteria decision-making (MCDM). MCDM-based three-way decisions extend the range of applications of three-way decisions to MCDM problems and provide new calculation methods of loss functions and decision rules in view of the difference of alternatives. First...
Published on Oct 1, 2018in Information Sciences 5.52
Dengsheng Wu10
Estimated H-index: 10
(CAS: Chinese Academy of Sciences),
Jianping LiXiaolei19
Estimated H-index: 19
(CAS: Chinese Academy of Sciences)
+ 3 AuthorsQianzhi Dai1
Estimated H-index: 1
(Hefei University of Technology)
Abstract Project risk response planning is an important component of project risk management to help ensure project success. However, thus far, the relevant research has ignored the correlations between risk factors during different project development subprocesses. This study proposes a novel risk response method by opening the black box of the project process and considering the risk correlations among different subprocesses to help practitioners create a practical risk response plan. In our m...
Published on Oct 1, 2018in Information Sciences 5.52
Shu-Ping Wan18
Estimated H-index: 18
(Jiangxi University of Finance and Economics),
Feng Wang9
Estimated H-index: 9
(Jiangxi University of Finance and Economics),
Jiu-Ying Dong17
Estimated H-index: 17
(Jiangxi University of Finance and Economics)
Abstract This paper investigates a group decision-making (GDM) method that considers group consensus and multiplicative consistency of interval-valued intuitionistic fuzzy (IVIF) preference relations (IVIFPRs). First, the mean and variance of IVIF values (IVIFVs) are defined and a ranking method for IVIFVs is proposed considering the risk attitude of the expert. Then, the group consensus is presented by the individual similarity between experts. An iteration algorithm is designed to improve the ...
Published on Sep 1, 2018in Information Sciences 5.52
Xiaoyang Zhou2
Estimated H-index: 2
(CAS: Chinese Academy of Sciences),
Jue Wang9
Estimated H-index: 9
(CAS: Chinese Academy of Sciences)
+ 3 AuthorsShouyang Wang47
Estimated H-index: 47
(CAS: Chinese Academy of Sciences)
Abstract This paper studies stock portfolio selection problem based on varying conservative-neutral-aggressive attitudes. The return rates of stocks are characterized by fuzzy variables. The Pareto-optimal solutions are obtained by maximizing the return and minimizing the risk subject to constraints of transaction cost and value at risk. Since investors with different attitudes may have different understanding of the likelihoods of occurrence, measure Me with the ability of reflecting varying co...
Published on Jul 4, 2018in Transport Reviews 6.65
Kevin X. Li16
Estimated H-index: 16
(CAU: Chung-Ang University),
Mengjie Jin2
Estimated H-index: 2
(CAU: Chung-Ang University)
+ 2 AuthorsAdolf K.Y. Ng22
Estimated H-index: 22
(UM: University of Manitoba)
An important objective of “the Belt and Road Initiative” is to promote the economic growth of countries in the region. China’s successful development experience, proposed in the initial stage of reform, can be summarised as “Looking for development, building the highway first”. This study is the first to evaluate whether logistics infrastructure has indeed contributed to economic growth by employing an error correction model with panel data from 2003 to 2014. In addition, we compare the influenc...
Published on Apr 1, 2018in Information Sciences 5.52
Shyi-Ming Chen68
Estimated H-index: 68
(NTUST: National Taiwan University of Science and Technology),
Stenly Ibrahim Adam2
Estimated H-index: 2
(NTUST: National Taiwan University of Science and Technology)
Abstract In this paper, we propose a new transformation-based weighted fuzzy interpolative reasoning (FIR) method based on ranking values of polygonal fuzzy sets (PFSs) and the proposed new scale and move transformation techniques. The proposed weighted FIR method gets more reasonable FIR results than the ones of the existing methods, where the weight of each antecedent variable and the weight of each fuzzy rule are generated automatically. Moreover, the proposed new scale and move transformatio...
Published on Jan 1, 2018in International Journal of Project Management 4.69
Miia Martinsuo21
Estimated H-index: 21
(TUT: Tampere University of Technology),
Päivi Hoverfält1
Estimated H-index: 1
Abstract Program management has taken its position in project management research and in public and private organizations as a successful method for managing complex, uncertain, and large-scale changes. During the past 25 years, research has evolved from programs as the conceptual extension of projects to a rich field of empirical studies reflecting the special natures and contexts of change programs and their management, with unique theoretical foundations. To take stock of this recent history,...
Published on Jan 1, 2018in European Journal of Operational Research 3.81
Jianping LiXiaolei19
Estimated H-index: 19
(CAS: Chinese Academy of Sciences),
Xiaoyang Yao2
Estimated H-index: 2
(CAS: Chinese Academy of Sciences)
+ 1 AuthorsDengsheng Wu10
Estimated H-index: 10
(CAS: Chinese Academy of Sciences)
We consider multiple criteria decision aiding (MCDA) in the case of interactions between criteria. In dealing with interactions between criteria, fuzzy measures and integrals have demonstrated great advantages. Nevertheless, the determination of fuzzy measures has proven difficult because the capacities of not only single criterion but also all subsets of criteria need to be identified. Due to the value judgment essence of MCDA, the attitudes of the decision maker (DM) are typically modeled to i...
Published on Jan 1, 2018in Safety Science 3.62
Nini Xia5
Estimated H-index: 5
(College of Management and Economics),
Patrick X.W. Zou21
Estimated H-index: 21
(College of Management and Economics)
+ 2 AuthorsRunhe Zhu1
Estimated H-index: 1
(College of Management and Economics)
Abstract Lacking a holistic framework for analyzing risk factors would result in the inaccurate assessment of safety performance and poor safety management. This research aims to establish a Bayesian-network (BN)-HFACS hybrid model to proactively predict safety performance in construction projects. First, a causation framework for analyzing the underlying factors influencing construction safety performance was established using the Human Factors Analysis and Classification System (HFACS). This c...