Decision Tree and AHP Methods Application for Projects Assessment: A Case Study
This research is dedicated to the modelling of decision process occurring during the implementation of construction projects. Recent studies generally do not assess the robustness of the decisions regarding the possible changes during the construction project implementation. However, such an assessm...
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doaj-4e8ccb4a9ec34798bb9e3d79057f81c22021-06-01T00:02:02ZengMDPI AGSustainability2071-10502021-05-01135502550210.3390/su13105502Decision Tree and AHP Methods Application for Projects Assessment: A Case StudyAugustinas Maceika0Andrej Bugajev1Olga Regina Šostak2Tatjana Vilutienė3The Faculty of Mechanics, Vilnius Gediminas Technical University, Sauletekio Ave. 11, LT-10223 Vilnius, LithuaniaThe Faculty of Fundamental Sciences, Vilnius Gediminas Technical University, Sauletekio Ave. 11, LT-10223 Vilnius, LithuaniaThe Faculty of Fundamental Sciences, Vilnius Gediminas Technical University, Sauletekio Ave. 11, LT-10223 Vilnius, LithuaniaThe Faculty of Civil Engineering, Vilnius Gediminas Technical University, Sauletekio Ave. 11, LT-10223 Vilnius, LithuaniaThis research is dedicated to the modelling of decision process occurring during the implementation of construction projects. Recent studies generally do not assess the robustness of the decisions regarding the possible changes during the construction project implementation. However, such an assessment might increase the reliability of the decision-making process. We addressed this gap through a new model that combines the decision-making process modelling with the AHP method and includes the analysis of model stability concerning stakeholders’ behaviour. We used the Analytic Hierarchy Process (AHP) and Decision tree methods to model the decision-making process. The proposed model was validated on a case study of multiple construction projects. The assessment was performed from individual investor’s and independent expert’s perspectives. The criteria for the assessment were selected according to the principles of sustainability. We performed the sensitivity analysis, making it possible to assess the possible changes of the decisions depending on the potential patterns of the decision-makers’ behaviour. The results of the study show that, sometimes, small fluctuations in the project factors affect the project selection indicating the possible lack of the robustness of the project decisions.https://www.mdpi.com/2071-1050/13/10/5502project assessmentsustainability criteriadecision treeanalytic hierarchy processconstruction projectssensitivity analysis |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Augustinas Maceika Andrej Bugajev Olga Regina Šostak Tatjana Vilutienė |
spellingShingle |
Augustinas Maceika Andrej Bugajev Olga Regina Šostak Tatjana Vilutienė Decision Tree and AHP Methods Application for Projects Assessment: A Case Study Sustainability project assessment sustainability criteria decision tree analytic hierarchy process construction projects sensitivity analysis |
author_facet |
Augustinas Maceika Andrej Bugajev Olga Regina Šostak Tatjana Vilutienė |
author_sort |
Augustinas Maceika |
title |
Decision Tree and AHP Methods Application for Projects Assessment: A Case Study |
title_short |
Decision Tree and AHP Methods Application for Projects Assessment: A Case Study |
title_full |
Decision Tree and AHP Methods Application for Projects Assessment: A Case Study |
title_fullStr |
Decision Tree and AHP Methods Application for Projects Assessment: A Case Study |
title_full_unstemmed |
Decision Tree and AHP Methods Application for Projects Assessment: A Case Study |
title_sort |
decision tree and ahp methods application for projects assessment: a case study |
publisher |
MDPI AG |
series |
Sustainability |
issn |
2071-1050 |
publishDate |
2021-05-01 |
description |
This research is dedicated to the modelling of decision process occurring during the implementation of construction projects. Recent studies generally do not assess the robustness of the decisions regarding the possible changes during the construction project implementation. However, such an assessment might increase the reliability of the decision-making process. We addressed this gap through a new model that combines the decision-making process modelling with the AHP method and includes the analysis of model stability concerning stakeholders’ behaviour. We used the Analytic Hierarchy Process (AHP) and Decision tree methods to model the decision-making process. The proposed model was validated on a case study of multiple construction projects. The assessment was performed from individual investor’s and independent expert’s perspectives. The criteria for the assessment were selected according to the principles of sustainability. We performed the sensitivity analysis, making it possible to assess the possible changes of the decisions depending on the potential patterns of the decision-makers’ behaviour. The results of the study show that, sometimes, small fluctuations in the project factors affect the project selection indicating the possible lack of the robustness of the project decisions. |
topic |
project assessment sustainability criteria decision tree analytic hierarchy process construction projects sensitivity analysis |
url |
https://www.mdpi.com/2071-1050/13/10/5502 |
work_keys_str_mv |
AT augustinasmaceika decisiontreeandahpmethodsapplicationforprojectsassessmentacasestudy AT andrejbugajev decisiontreeandahpmethodsapplicationforprojectsassessmentacasestudy AT olgareginasostak decisiontreeandahpmethodsapplicationforprojectsassessmentacasestudy AT tatjanavilutiene decisiontreeandahpmethodsapplicationforprojectsassessmentacasestudy |
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