Quantitative method for optimizing decision in project selection
The Indonesian economic and monetary condition recently has made changeover in many development policies including built environment. For example is the policy on selecting the built environmental project to be developed in the context of sustainable both environment and business. This research’s...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://eprints.usm.my/34684/ http://eprints.usm.my/34684/1/HBP24.pdf |
| Summary: | The Indonesian economic and monetary condition recently has made
changeover in many development policies including built environment. For example is the
policy on selecting the built environmental project to be developed in the context of
sustainable both environment and business. This research’s report presents an approach to
apply quantitative methods for optimizing decision in built environment project selection. The
approach based on decision hierarchy that was obtained from 32 respondents in a survey
study. It was completed with an implementation by a case study that is one of the biggest
private construction projects in Indonesia to evaluate the application of that method. Model
formulated and its implementation based on application of Analytic Hierarchy Process (AHP)
method for multi criteria decision and Goal Programming (GP) method for multi objective
decision and its optimization in a project selection. The result presents that complete design
and permission; available funds; construction cost and probability to capital return are the
most significant factors in decision. The implementation result demonstrates a process to
select priorities each project to each decision and the optimization concludes that public park
project, landfill sanitation project and supermarket project are selected and to be continued,
but swimming pool is delayed and hospital is terminated. Follow up research is particularly
required, primarily a study of decision support system and expert systems. |
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