A mathematical Model to select the Risk Response Strategies of the Construction Projects: Case Study of Saba Tower

Esmail Cheraghi, Mohammad Khalilzadeh, Sirous Shojaei, Shakib Zohrehvandi

Research output: Contribution to journalConference articlepeer-review

15 Scopus citations

Abstract

Uncertainties and risks are always associated with large real world projects and may obstacle and threaten projects in some ways. Failure in accurately identifying the project risks increases the total cost and may cause social and environmental damages as well as casualties during project execution. The aim of this study is to develop a mathematical programming model for selecting risk response strategies for construction projects. All risk response strategies for the analysed project have been identified and a mathematical model is presented based on project iron triangle; time, cost and quality to obtain the optimal risk response strategy for the construction project.

Keywords

  • optimization
  • risk identification
  • risk management
  • risk response

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