A4 Conference proceedings

Phasing Construction Projects: Applying Fuzzy Logic and System Dynamics


Publication Details
Authors: Collan Mikael, Savolainen Jyrki
Publication year: 2019
Language: English
Title of parent publication: Annual International Conference on Real Options
JUFO-Level of this publication: 0
Open Access: Not an Open Access publication

Abstract

Phasing construction projects is an interesting possibility that has received only limited attention in the academic literature, especially the quantification of benefits from phasing and the effect phasing has on project risk have not been fully explored. This paper presents two approaches to analyze the effects of phasing in the context of construction projects: a simple fuzzy logic-based method for preliminary analyses and a system dynamic simulation-approach for deeper analysis with timing. Both approaches are illustrated with a numerical example case. The presented results are new in academic literature and of practical relevance to managers and investors working with construction projects.


Last updated on 2019-13-11 at 10:08