Highway Projects in Four Different Regions of China under Risk Perspective: Modeling Assessment and Management Strategies

DOI

10.2991/978-94-6463-650-5_11How to use a DOI?

Keywords

construction risk; risk analysis; model analysis; highway construction; fuzzy hierarchical analysis

Abstract

This paper examines the construction risks of four highway construction projects in mainland China. The paper divides risks into two main categories, macro risks and micro risks. Macro risk is the risk that the company itself faces in the project, and micro risk is mainly the risk in the construction of the project itself. Again, the risk is divided into several aspects. First, this paper describes the background of China’s highway construction, and explains the significance of studying the risk of highway construction and the purpose of this paper. Then it delves into the characteristics of each project and identifies the risks. In order to study the ranking of various types of risks, the expert scoring method is first used to score different projects. Experts are asked to give the judgment matrix of each aspect of risk. After collating the results of the expert scoring, the risk value of each risk is calculated using the fuzzy hierarchical analysis calculation model. Prior to this, the risk values were categorized into four levels, with the two most serious levels requiring special attention The empirical results of this study show that political risk has the highest average weight of 0.5196 at the macro level, while financial risk follows with 0.2336 At the micro level, uncertainty of emerging technology and resource risk with an average weight of 0.2492 and 0.2098, respectively, top the top of the list, highlighting the importance of technological innovation and resource management in project execution. Through model validation, the risk assessment method in this study shows up to 93% accuracy, proving its validity and reliability in risk assessment, and the model can also be used as a ranking tool to prioritize highway construction projects based on risk magnitude.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Dahe Zhang
AU  - Nagesparan Ainarappan
AU  - Jinsong Gao
PY  - 2025
DA  - 2025/01/31
TI  - Highway Projects in Four Different Regions of China under Risk Perspective: Modeling Assessment and Management Strategies
BT  - Proceedings of the 2024 7th International Conference on Civil Architecture, Hydropower and Engineering Management (CAHEM 2024)
PB  - Atlantis Press
SP  - 94
EP  - 113
SN  - 2352-5401
UR  - https://doi.org/10.2991/978-94-6463-650-5_11
DO  - 10.2991/978-94-6463-650-5_11
ID  - Zhang2025
ER  -