The Proposal of Directed Graph Evaluation Method for Engineering Risks

DOI

10.2991/msetasse-16.2016.239How to use a DOI?

Keywords

Engineering Risks; Risk Events (Factors); Directed Graph Evaluation Method; Maximum Probability Chain; Maximum Loss Chain

Abstract

In this paper, directed graph evaluation method for engineering risks was proposed on the basis of identifying and estimating engineering risks: the overall causation between the risks of engineering projects was visually expressed using directed graphs. The concept of the maximum probability chain and the concept of the loss chain as well as their algorithms were proposed in directed graphs. By solving the maximum probability chain and the maximum loss chain of the risk factors (bottom risk reasons), the key risk events and the key risk factors in engineering projects were determined, thus providing a powerful basis for the construction units to make accurate decisions and the risk managers to take reasonable preventive measures.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qiujie Liu
PY  - 2016/11
DA  - 2016/11
TI  - The Proposal of Directed Graph Evaluation Method for Engineering Risks
BT  - Proceedings of the 2016 4th International Conference on Management Science, Education Technology, Arts, Social Science and Economics (msetasse-16)
PB  - Atlantis Press
SP  - 1115
EP  - 1124
SN  - 2352-5398
UR  - https://doi.org/10.2991/msetasse-16.2016.239
DO  - 10.2991/msetasse-16.2016.239
ID  - Liu2016/11
ER  -