Quantifying risk analysis using database in industrial investment projects by Topsis method

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 objective...

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Bibliographic Details
Published in:Indian journal of science and technology 2011-07, Vol.4 (7), p.779-784
Main Author: Taklif, Arash
Format: Article
Language:English
Subjects:
BASIC (programming language)
Financing
Indian
Investment
Quantitative analysis
Risk
Uncertainty
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Summary: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.
ISSN:0974-6846
0974-5645
DOI:10.17485/ijst/2011/v4i7.8