A Study of the Optimized Portfolio Projects of Construction Based on Mixed Approach Including AHP and ARA ((A Case Study; Engineering Deputy and the Executive of Construction Projects in Military Setting))

Shafiei Nikabadi, Mohsen; Hosseini, Sayyed Mohammad-Hassan; Shafiei Nikabadi, Mojtaba

A Study of the Optimized Portfolio Projects of Construction Based on Mixed Approach Including AHP and ARA ((A Case Study; Engineering Deputy and the Executive of Construction Projects in Military Setting))

Document Type : Research Paper

Authors

Mohsen Shafiei Nikabadi ¹

Sayyed Mohammad-Hassan Hosseini ²

Mojtaba Shafiei Nikabadi ³

¹ Assistant Professor in Industrial Administration, Semnan University

² Assistant Professor in Industrial Engineering, Shahroud University

³ M.A in Industrial Engineering, Payame-noor University

Abstract

This study was run in a bid to determine the optimized portfolio projects of construction based on mixed approach including analytical hierarchy process and additive ratio assessment through using various assessment indicators. This approach consists of two stages which are taken as a means of deliberate decision making in planning and investigating expenditure of limited available resources. For this purpose, in the early stage of investigation, assessment indicators of construction projects were emerged as a result of library study. Thereupon, in the initial stage of suggestive approach, the assessment indicators were identified and then weighed up through running analytical hierarchy process as well as interviewing with elites and experts. In the later stage, the construction projects were ranked through running additive ratio assessment as well as using weighed assessment indicators and also through investigating the interview administered to statistical population. The findings revealed that compatibility of construction projects indicators with strategic purpose, cost and expenditure of construction projects stood at the first and second rank of indicators with coefficient of (32%) and (26%) respectively. Moreover, the indicators of recent innovations in construction projects stood at the third rank of indicators with coefficient of (0.06). Finally, a list of ranked construction projects is made through optimized portfolio project as a result of investigation.

Keywords

Ranking

Construction Projects

Optimized Portfolio Project

Analytical hierarchy process

Additive Ratio Assessment