Risk Assessment Using AHP in South Indian Construction Companies: A Case Study

Parvathy, P and Shiva Prasad, H C and Gopalkrishna , B and Kamath, Giridhar B (2015) Risk Assessment Using AHP in South Indian Construction Companies: A Case Study. International Journal of Engineering, Management & Sciences, 2 (3). pp. 98-103. ISSN 2348 –3733

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Abstract

The term risk is synonymous with uncertainty and it is present in every business. The construction industry in India also bares no exception to this fact. There are numerous problems which arise on a daily basis in the construction sector. These problems are attributed to risks. The focus of this paper is to identifyand prioritize the major risks and risk factors that influence the three classes of the Indian construction companies which undertake the majority of the projects in the South Indian cities of Cochin and Udupi using Analytic Hierarchy Process , a multi-attribute decision making method which acts as a tool for risk analysis. The priority value of each risk factor and sub- risk factor were found out and compared and a rank was allotted to each risk factor based on this output. The output helps the management of construction companies in identifying which type of risk is most likely to occur in a particular class of company, so that it can be mitigated in the future

Item Type: Article
Uncontrolled Keywords: Analytic Hierarchy Process, priority values, risk analysis, risk assessment model
Subjects: Engineering > MIT Manipal > Humanities and Management
Depositing User: MIT Library
Date Deposited: 19 Jun 2015 11:30
Last Modified: 19 Jun 2015 11:30
URI: http://eprints.manipal.edu/id/eprint/143084

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