Identifying Significant Risks and Analyzing Risk Relationship for Construction PPP Projects in China Using Integrated FISM-MICMAC Approach

Jiang, Xiaoyan; Lu, Kun; Xia, Bo; Liu, Yong; Cui, Caiyun

doi:10.3390/su11195206

Cited by 48 publications

(56 citation statements)

References 84 publications

(144 reference statements)

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“…However, BN model shows good performance in data processing, and has no requirements for sample size and information integrity [ 42 , 43 ], and has a mature foundation in dealing with uncertainty problems. At the same time, FISM can transform fuzzy concepts and views into a visual graph model with good structural relationship [ 44 , 45 ], which can intuitively express the relationship between the influencing factors. Therefore, FISM and BN are combined to analyze the hidden cost of prefabricated buildings.…”

Section: Methodsmentioning

confidence: 99%

Analysis on the hidden cost of prefabricated buildings based on FISM-BN

et al. 2021

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Facing the pressure of environment, sustainable development is the demand of the current construction industry development. Prefabricated construction technologies has been actively promoted in China. Cost has always been one of the important factors in the development of prefabricated buildings. The hidden cost of prefabricated buildings has a great impact on the total cost of the project, and it exists in the whole process of building construction. In this paper innovatively studies the cost of prefabricated buildings from the perspective of hidden cost. In order to analysis the hidden cost of prefabricated buildings, the influencing factor index system in terms of design, management, technology, policy and environment has been established, which includes 13 factors in total. And the hidden cost analysis model has been proposed based on FISM-BN, this model combines fuzzy interpretive structure model(FISM) with Bayesian network(BN). This model can comprehensively analyze the hidden cost through the combination of qualitative and quantitative methods. And the analysis process is dynamic, not fixed at a certain point in time to analyze the cost. We can get the internal logical relationship among the influencing factors of the hidden cost, and present it in the form of intuitive chart by FISM-BN. Furthermore the model could not only predict the probability of the hidden cost of prefabricated buildings and realize in-time control through causal reasoning, but also predict the posterior probability of other influencing factors through diagnostic reasoning when the hidden cost occurs and find out the key factors that lead to the hidden cost. Then the final influencing factors are determined after one by one check. Finally, the model is demonstrated on the hidden cost analysis of prefabricated buildings the probability of recessive cost is 26%. In the analysis and control of the hidden cost of prefabricated buildings, scientific and effective decision-making and reference opinions are provided for managers.

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Section: Methodsmentioning

confidence: 99%

Analysis on the hidden cost of prefabricated buildings based on FISM-BN

et al. 2021

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“…The use of the integrated interpretive structural modelling (ISM) and cross-impact matrix multiplication applied to classification (MICMAC) techniques by researchers in the area of construction has been gaining ground in recent years. Quite a number of researchers in the field of construction [26,[46][47][48][49][50][51][52][53][54] have used the interpretive structural modelling (ISM) and cross-impact matrix multiplication applied to classification (MICMAC) techniques to examine the hierarchical structure between the impediments to a given system or process. Also, the techniques have been used to transform the impediments into clearly visible, easy to understand and quickly interpretable models, based on direct and indirect relationships among the impediments of a system.…”

Section: Methodsmentioning

confidence: 99%

Integrated Evaluation of the Impediments to the Adoption of Coconut Palm Wood as a Sustainable Material for Building Construction

Sodangi

Kazmi

2020

Sustainability

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Coconut palm wood is commonly regarded as a sustainable building material. Nonetheless, its adoption as a green building material by the construction industry is limited, particularly in West Africa. This paper analyses the impediments to the effective adoption of coconut palm wood in residential building construction. The research data was collected from literature reviews, expert-based surveys, and semi-structured interviews with specialists from the construction sector, African Timber Organization, governmental institutions related to forestry and construction, university professors, and researchers in the areas of sustainable building materials and construction. Thirteen crucial impediments were identified and an integrated evaluation of the impediments was conducted using the Interpretive Structural Modelling (ISM) technique to examine the hierarchical structure of the relations between the impediments. A further technique, Cross-impact Matrix Multiplication Applied to Classification (MICMAC), was used to categorize the impediments from a driving to driven perspective. This categorization provides a unique profile for the impediments, which is different from that of conventional evaluation techniques for evaluating impediments. The findings of this paper offer useful guide to practitioners and policy makers in formulating effective policies, regulations, and standards that will promote the development and wide adoption of coconut palm wood in the construction industry.

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“…In this vein, Hachicha and Elmsalmi [37] proposed an integrated approach based-structural modeling for risk prioritization in the supply network management. In this context, Jiang et al [38] identified a significant risk and analyzing risk relationship for construction projects in China. As for Troche-Escobar et al [39], they studied the SCRM in the Brazilian Wind Power Projects.…”

Section: The Supply Chain Risk Managementmentioning

confidence: 99%

Prioritization of the Best Sustainable Supply Chain Risk Management Practices Using a Structural Analysis Based-Approach

2021

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Companies attempt to improve the performance of their supply chain (SC) by distinguishing and presenting feasible sustainable development practices (SDP). Considering SDP without focusing on sustainability risks may disturb the company’s future. Very few studies in the extant literature have dealt with the impact of (SDP) on the supply chain risk management (SCRM). In fact, the aim of this paper is to classify and prioritize SDPs according to their priority for better risk management and effective SC performance. The proposed approach comprises two phases. First, 14 SDPs are identified and selected from the literature. Second, MICMAC (Matrice d’impacts croisés multiplication appliquée à un classement) method as a structural analysis method applies to identify and assess sustainable supply chain risk management (SSCRM) practices which reduce risk in the SC. The input data for each phase are based on Delphi technique, which is a process group used to collect the opinions of experts in the field. The aim of the proposed approach is to prioritize SSCRM practices and classify them into influential, non-influential, independent and dependent practices and their mutual relationships. The six key findings SSCRM practices from direct and indirect classification include the following elements: (1) Delayed differentiation, (2) Information sharing with upstream and/or downstream partners, (3) Simplification of product dismantling/anticipation of product end of life, (4) Supplier/subcontractor’s performance assessment, (5) establishing shared supply management and (6) establishment of contracts with transporters.

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Identifying Significant Risks and Analyzing Risk Relationship for Construction PPP Projects in China Using Integrated FISM-MICMAC Approach

Cited by 48 publications

References 84 publications

Analysis on the hidden cost of prefabricated buildings based on FISM-BN

Analysis on the hidden cost of prefabricated buildings based on FISM-BN

Integrated Evaluation of the Impediments to the Adoption of Coconut Palm Wood as a Sustainable Material for Building Construction

Prioritization of the Best Sustainable Supply Chain Risk Management Practices Using a Structural Analysis Based-Approach

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