The Use of Fuzzy Multi-Objective Decision-Making Process to Provide Project Risk Assessment Model (Azar Oil Well Drilling)

Subject Areas : Industrial Management

Mohammad Reza Imani Moghadam ¹ , Mohammad Khalil Zadeh ²

1 - Department of industrial engineering, faculty of engineering, science and research branch of Tehran, Islamic Azad University, Tehran, Iran Email: [e-mail]
2 - Department of industrial engineering, faculty of engineering, science and research branch of Tehran, Islamic Azad university, Tehran, Iran

Received: 2016-01-06 Accepted : 2016-07-18 Published : 2016-08-25

Keywords:

Abstract :

Project risk management in projects, illustrate the importance of risk ranking and prioritizing to focus more on the management of higher risk activities; in other words, activities are prioritized and ranked based on the risk of their performance.In this study, it has been tried to use a multi-objective fuzzy planning in order to assess the potential risks of the project. To optimize these models, several objectives simultaneously are considered. The scale for each purpose may be different from the scale for the other purposes. In this model we have two aims: The first one is to minimize the expected cost of various risks and the second one is to minimize the expected time of the possible risks.A proposed method for a case study in Azar oil well drilling project in the region of Ilam is used. We have solved the model by the means of multi-objective decisions and LP metric. In LP metric method, we minimized the deviation in answers compared to ideal answer using the compatible functions and we changed the bi-objective model into single-objective one.  

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