A Meta analysis of decision making problems in construction risk management


KOÇ K. , GÜRGÜN A. P.

3rd European and Mediterranean Structural Engineering and Construction Conference 2020, Euro-Med-Sec 2020, Limassol, Cyprus (Gkry), 3 - 08 August 2020, no.1 identifier

Abstract

Copyright © 2020 ISEC Press.All right reserved.Various Multiple Criteria Decision Making (MCDM) methods are being commonly used in the area of construction risk management to deal with decisions that are subjected to several factors affecting the selection of the best possible choice in the projects. There are many techniques developed to provide assistance to decision-makers during decision-making process, each having different advantages and disadvantages. This study discusses some of the most frequently applied MCDM methods in construction risk management such as: AHP, ANP, TOPSIS, VIKOR, and DEMATEL, with their own application principles. It aims to introduce a meta-Analysis about the use of MCDM methods within the last two decades and provide an extensive literature review study about construction risk management. It is expected to assist practitioners and researchers to suggest effective methods for specific type of risks to be addressed in construction projects. The discussion of pros and cons of each method will also provide some insights to get use of multiple MCDM methods rather than a single means to enhance the analysis outputs.