Phu Pham, Cuong and Thanh Phan, Phuong and Nguyen, Phong Thanh (2022): Application of Grey System Theory in Construction Management. Published in: Engineering, Technology & Applied Science Research , Vol. 5, No. 12 (November 2022): pp. 9087-9091.
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Abstract
Materials are an important input in building construction. They account for a substantial proportion of investment capital and construction volume. However, as material prices are often affected by the market, choosing the right construction supplier is not an easy decision for contractors, especially for those materials required during the finishing phase of construction. As one of these finishing materials is paint, identifying core criteria for evaluating and selecting the best construction paint supplier is a crucial economic choice for construction contractors. Assessing the importance of these criteria is a complex multi-criteria decision-making problem. To reflect the risks and uncertainties in this problem, this paper presents a grey system theory approach to prioritize important criteria for selecting paint material suppliers in construction projects.
Item Type: | MPRA Paper |
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Original Title: | Application of Grey System Theory in Construction Management |
English Title: | Application of Grey System Theory in Construction Management |
Language: | English |
Keywords: | construction management; project management; evaluation and selection criteria; material management; paint supplier; grey theory |
Subjects: | C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs L - Industrial Organization > L7 - Industry Studies: Primary Products and Construction > L74 - Construction N - Economic History > N6 - Manufacturing and Construction O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure |
Item ID: | 116788 |
Depositing User: | Dr. Phong Thanh Nguyen |
Date Deposited: | 22 Mar 2023 07:35 |
Last Modified: | 22 Mar 2023 07:35 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/116788 |