Abstract
The construction project management (CPM) is very important and large segment of entire project management (PM). Realisation of construction projects is usually long term process which requests significant financial, material, human and other resources to fulfil contracted obligations and achieve a good quality of works. Therefore, making good decisions with the satisfaction of various criteria is one of the main conditions to achieve planed business objectives and finish the project in contracted time with good quality. This paper proposes a new procedure for determination of the weights of criteria and alternatives in the Fuzzy analytic hierarchy process (FAHP) with trapezoidal fuzzy number using a new method for finding eigenvelues and eigenvectors of the criteria and alternatives, which is based on expected values of the fuzzy numbers and their products. Local and global fuzzy weights of the alternatives are determined using linear programming. In the paper a formula for ranking fuzzy numbers by reduced generalized fuzzy mean is also proposed, since ranking by the coefficient of variation is not always reliable. In the presented case study, applying proposed method, from imprecise input data are obtained enough accurate and useful results for rational ranking of alternatives related to the project realization.
Highlights
Construction industry is completely involved in realization of construction projects serving as an engine for a development of national and global economy
The objective of this paper is to formulate a new procedure with trapezoidal fuzzy numbers, based on Saaty’s eigenvalue approach for determination of the weights of criteria and alternatives in the fuzzy Analytic hierarchy process (AHP) for ranking and selection of alternatives in the multiple criteria decision making (MCDM) related to problems of construction project management (CPM)
According to the obtained results, it may be concluded that for all used ranking rules the alternative A4 has an advantage over the other alternatives, and alternatives are ranked in the sequence A4 > A3 > A2 > A1
Summary
Construction industry is completely involved in realization of construction projects serving as an engine for a development of national and global economy. In realization of each construction project, especially large infrastructural, industrial and public projects, large number of participants is included: client (owner), contractor with subcontractors, engineer, domestic and international financial institution, producers and suppliers of materials and equipment and so on These companies and institutions are organizationally independent and project management team has key role in their integration and orientation to achieve the clients’ objectives according to previously signed contracts and their own goals. Realisation of construction projects is usually long term process which requests utilization of significant financial, material, human and other resources to accomplish contracted obligations and to achieve a good quality of works This process is very much exposed to negative influence of risk, especially in early stages
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
