Usually, we consider Multi Criteria Decision Analysis (MCDA) as a deterministic approach to support complex decisions, which involve multidisciplinary profiles. Furthermore, risk analysis is considered as an integral part of investments analysis, also in a probabilistic version. In this work, we are going to explore the applicability of probabilistic MCDA in supporting risk analysis practices (as a part of project management activities), in economic feasibility evaluation of the real estate investment projects. It is assumed a management approach based on adaptive approach instead of optimization approach; to operate in context characterized by the presence of risk/uncertainty components; that these components are able to perturb decision processes and strategic choices, conditioned by subjectivity/uncertainty of stakeholders and institutions in judgement definition phase (decision maker’s utility functions, criterion scores, ranking of alternatives, etc.).

Il Risk Management nei progetti di investimento attraverso la Multi Criteria Decision Analysis / Fregonara, Elena. - In: AESTIMUM. - ISSN 1592-6117. - 54:(2009), pp. 87-112. [10.13128/Aestimum-3278]

Il Risk Management nei progetti di investimento attraverso la Multi Criteria Decision Analysis

FREGONARA, ELENA
2009

Abstract

Usually, we consider Multi Criteria Decision Analysis (MCDA) as a deterministic approach to support complex decisions, which involve multidisciplinary profiles. Furthermore, risk analysis is considered as an integral part of investments analysis, also in a probabilistic version. In this work, we are going to explore the applicability of probabilistic MCDA in supporting risk analysis practices (as a part of project management activities), in economic feasibility evaluation of the real estate investment projects. It is assumed a management approach based on adaptive approach instead of optimization approach; to operate in context characterized by the presence of risk/uncertainty components; that these components are able to perturb decision processes and strategic choices, conditioned by subjectivity/uncertainty of stakeholders and institutions in judgement definition phase (decision maker’s utility functions, criterion scores, ranking of alternatives, etc.).
2009
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11583/2264546
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