Quantifying risk analysis using database in industrial investment projects by Topsis method

Arash Taklif; Reza shokouhian; Alireza Sanati Arasteh  and Vahid Majazi Dalfard

doi:10.17485/ijst/2011/v4i7.8

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Quantifying risk analysis using database in industrial investment projects by Topsis method

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Indian Journal of Science and Technology

DOI: 10.17485/ijst/2011/v4i7.8

Year: 2011, Volume: 4, Issue: 7, Pages: 779-784

Original Article

Quantifying risk analysis using database in industrial investment projects by Topsis method

Arash Taklif¹ , Reza shokouhian² , Alireza Sanati Arasteh³ and Vahid Majazi Dalfard^*

Islamic Azad university, Qazvin Branch, Department of Industrial and Mechanical Engineering, Qazvin, Iran
Department of Accounting and Management, Bahar Branch, Islamic Azad university, Bahar, Iran
Department of Accounting, Toyserkan Branch, Islamic Azad university, Toyserkan, Iran
Islamic Azad university, Qazvin Branch, Department of Industrial and Mechanical Engineering, Qazvin, Iran^*
[email protected]

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

One of the problems in stages of different projects is frequent delay in their completion. The most important reason is existence of risk and internal and external uncertainties. To solve this problem a program is needed to manage the risks and uncertainties and reduce their impacts on the objectives of the project. In this paper, a quantitative analysis of the risks in industrial investment project is suggested using database supported by Topsis algorithm. By using Visual Basic software, a program is designed to identify the project risks.
Keywords: Risk analysis, project, Topsis method, industry, database, Iran