Fuzzy Multi-Attribute Approach in Project Assessment
Abstract: The point of departure in assessment of projects is the selection of planning and design advantages. So, the prime issues for the projects threefold. First, the evaluation criteria are generally multiple and often structured in multilevel hierarchies. Secondly, the evaluation process usually involves subjective assessments, resulting in the use of qualitative and imprecise data. Thirdly, other related interest groups input for planning and design alternative selection process should be considered. This paper presents a fuzzy multi-attribute approach in project assessment. The fuzzy analytic hierarchy process method is used to determine the weights for evaluation criteria, sub-criteria and alternatives. The vagueness in the alternatives selection process is dealt with using fuzzy numbers for linguistic terms. A crisp overall value is obtained for each alternative based on the concept of fuzzy multi-criteria decision making. A case study of project consisting of six criteria, twenty sub-criteria and five alternatives, illustrates the effectiveness of the proposed approach for these problems.
Keywords: Project management, FAHP, fuzzy set theory, fuzzy numbers, project assessment
How to Cite?: Ahmed. M. El-Kassas, "Fuzzy Multi-Attribute Approach in Project Assessment", Volume 4 Issue 4, April 2015, International Journal of Science and Research (IJSR), Pages: 862-871, https://www.ijsr.net/getabstract.php?paperid=SUB152853, DOI: https://dx.doi.org/10.21275/SUB152853