Abstract
One of the problems in stages of different projects is frequent delay in their completion. The most important reason is existence of risk and internal and external uncertainties. To solve this problem a program is needed to manage the risks and uncertainties and reduce their impacts on the objectives of the project. In this paper, a quantitative analysis of the risks in industrial investment project is suggested using database supported by Topsis algorithm. By using Visual Basic software, a program is designed to identify the project risks. Keywords: Risk analysis, project, Topsis method, industry, database, Iran
Highlights
Indian Journal of Science and TechnologyQuantifying risk analysis using database in industrial investment projects by Topsis method
A quantitative analysis of the risks in industrial investment project is suggested using database supported by Topsis algorithm
This uncertainty is because of the different risks, which designing of the integrated model for project risk are in the project
Summary
Quantifying risk analysis using database in industrial investment projects by Topsis method. Arash Taklif[1], Reza shokouhian[2], Alireza Sanati Arasteh[3] and Vahid Majazi Dalfard* Islamic Azad university, Qazvin Branch, Department of Industrial and Mechanical Engineering, Qazvin, Iran. One of the problems in stages of different projects is frequent delay in their completion. The most important reason is existence of risk and internal and external uncertainties. To solve this problem a program is needed to manage the risks and uncertainties and reduce their impacts on the objectives of the project. A quantitative analysis of the risks in industrial investment project is suggested using database supported by Topsis algorithm. By using Visual Basic software, a program is designed to identify the project risks
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