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Vahdat, K and Smith, N J (2010) A DSS framework for selecting projects in seismic areas. In: Egbu, C (Ed.), Proceedings 26th Annual ARCOM Conference, 6-8 September 2010, Leeds, UK. Association of Researchers in Construction Management, Vol. 2, 1209–18.
- Type: Conference Proceedings
- Keywords: decision support system; management Info system; modelling
- ISBN/ISSN: 978-0-9552390-4-5
- URL: http://www.arcom.ac.uk/-docs/proceedings/ar2010-1209-1218_Vahdat_and_Smith.pdf
- Abstract:
Selecting the best set of projects is a crucial decision in many organizations. Seismic risk could greatly influence the investment process in seismic areas. Current research proposes an integrated multi criteria based methodology that not only able to integrate range of financial and non-financial factors, it also participate the decision makers (DMs) in complex applications by decomposing the process into flexible and logical stages. Unconventional seismic risk assessment is considered jointly with conventional cost benefit analysis. There are many challenges for integrating financial and no-financial factors that make it difficult to be solved by normal tools. On the basis of indicator system, a new DSS framework is suggested that includes seismic risk index jointly with financial factors in a common scale.