Decision Sciences
4 years ago

New decision support system minimizes construction project risks in Taiwan.

Smart Structures and Systems
A decision support system (DSS) for construction risk efficiency in Taiwan
Tsung-Chieh Tsai, Hsiang-Wen Li

Paper Summary

The article discusses a decision support system for construction risk efficiency in Taiwan. The researchers developed a framework using Fault Tree Analysis to help project managers make optimal decisions by balancing project risks and costs. They analyzed data on 247 risk causes in building projects in Taiwan and identified 17 key risk causes. The system aims to find the best combination of risk strategies that minimize project risks and costs.

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