IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v7y2015i3p2885-2914d46662.html
   My bibliography  Save this article

Risk Evaluation of a UHV Power Transmission Construction Project Based on a Cloud Model and FCE Method for Sustainability

Author

Listed:
  • Huiru Zhao

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Nana Li

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

Abstract

In order to achieve the sustainable development of energy, Ultra High Voltage (UHV) power transmission construction projects are being established in China currently. Their high-tech nature, the massive amount of money involved, and the need for multi-agent collaboration as well as complex construction environments bring many challenges and risks. Risk management, therefore, is critical to reduce the risks and realize sustainable development of projects. Unfortunately, many traditional risk assessment methods may not perform well due to the great uncertainty and randomness inherent in UHV power construction projects. This paper, therefore, proposes a risk evaluation index system and a hybrid risk evaluation model to evaluate the risk of UHV projects and find out the key risk factors. This model based on a cloud model and fuzzy comprehensive evaluation (FCE) method combines the superiority of the cloud model for reflecting randomness and discreteness with the advantages of the fuzzy comprehensive evaluation method in handling uncertain and vague issues. For the sake of proving our framework, an empirical study of “Zhejiang-Fuzhou” UHV power transmission construction project is presented. As key contributions, we find the risk of this project lies at a “middle” to “high” level and closer to a “middle” level; the “management risk” and “social risk” are identified as the most important risk factors requiring more attention; and some risk control recommendations are proposed. This article demonstrates the value of our approach in risk identification, which seeks to improve the risk control level and the sustainable development of UHV power transmission construction projects.

Suggested Citation

  • Huiru Zhao & Nana Li, 2015. "Risk Evaluation of a UHV Power Transmission Construction Project Based on a Cloud Model and FCE Method for Sustainability," Sustainability, MDPI, vol. 7(3), pages 1-30, March.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:3:p:2885-2914:d:46662
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/7/3/2885/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/7/3/2885/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. J. H. M. Tah & V. Carr, 2000. "A proposal for construction project risk assessment using fuzzy logic," Construction Management and Economics, Taylor & Francis Journals, vol. 18(4), pages 491-500.
    2. Wei, Bing & Wang, Song-Ling & Li, Li, 2010. "Fuzzy comprehensive evaluation of district heating systems," Energy Policy, Elsevier, vol. 38(10), pages 5947-5955, October.
    3. Alev Taskin Gumus & A. Yesim Yayla & Erkan Çelik & Aytac Yildiz, 2013. "A Combined Fuzzy-AHP and Fuzzy-GRA Methodology for Hydrogen Energy Storage Method Selection in Turkey," Energies, MDPI, vol. 6(6), pages 1-16, June.
    4. Worrell, James L. & Di Gangi, Paul M. & Bush, Ashley A., 2013. "Exploring the use of the Delphi method in accounting information systems research," International Journal of Accounting Information Systems, Elsevier, vol. 14(3), pages 193-208.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dongxiao Niu & Weibo Zhao & Si Li & Rongjun Chen, 2018. "Cost Forecasting of Substation Projects Based on Cuckoo Search Algorithm and Support Vector Machines," Sustainability, MDPI, vol. 10(1), pages 1-11, January.
    2. Luis Serrano-Gomez & Jose Ignacio Munoz-Hernandez, 2019. "Monte Carlo approach to fuzzy AHP risk analysis in renewable energy construction projects," PLOS ONE, Public Library of Science, vol. 14(6), pages 1-20, June.
    3. Guangdong Wu , & Kaifeng Duan & Jian Zuo & Xianbo Zhao & Daizhong Tang, 2017. "Integrated Sustainability Assessment of Public Rental Housing Community Based on a Hybrid Method of AHP-Entropy Weight and Cloud Model," Sustainability, MDPI, vol. 9(4), pages 1-25, April.
    4. Goutom K. Pall & Adrian J. Bridge & Jason Gray & Martin Skitmore, 2019. "Causes of Delay in Power Transmission Projects: An Empirical Study," Energies, MDPI, vol. 13(1), pages 1-29, December.
    5. Ke-Qin Wang & Hu-Chen Liu & Liping Liu & Jia Huang, 2017. "Green Supplier Evaluation and Selection Using Cloud Model Theory and the QUALIFLEX Method," Sustainability, MDPI, vol. 9(5), pages 1-17, April.
    6. Mohammad Ebrahim Sadeghi & Hamed Nozari & Hadi Khajezadeh Dezfoli & Mehdi Khajezadeh, 2021. "Ranking of different of investment risk in high-tech projects using TOPSIS method in fuzzy environment based on linguistic variables," Papers 2111.14665, arXiv.org.
    7. Yunna Wu & Meng Yang & Haobo Zhang & Kaifeng Chen & Yang Wang, 2016. "Optimal Site Selection of Electric Vehicle Charging Stations Based on a Cloud Model and the PROMETHEE Method," Energies, MDPI, vol. 9(3), pages 1-20, March.
    8. Achintya Ghatak & Adarsh Garg, 2022. "Power transmission project: a framework to align project success with organization goal," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(4), pages 1817-1833, August.
    9. Rishang Long & Jianhua Zhang, 2016. "Risk Assessment Method of UHV AC/DC Power System under Serious Disasters," Energies, MDPI, vol. 10(1), pages 1-13, December.
    10. Yongyou Nie & Jinbu Zhao & Yiyi Zhang & Jizhi Zhou, 2020. "Risk Evaluation of “Not-In-My-Back-Yard” Conflict Potential in Facilities Group: A Case Study of Chemical Park in Xuwei New District, China," Sustainability, MDPI, vol. 12(7), pages 1-18, March.
    11. Yin Junjia & Aidi Hizami Alias & Nuzul Azam Haron & Nabilah Abu Bakar, 2023. "A Bibliometric Review on Safety Risk Assessment of Construction Based on CiteSpace Software and WoS Database," Sustainability, MDPI, vol. 15(15), pages 1-24, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mehdi Salimi & Mahboubeh Khodaparast, 2019. "Providing a combined model of fuzzy AHP and numerical taxonomy analysis for sport organizational ranking and performance appraisal," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 10(5), pages 1133-1144, October.
    2. Saeed Nosratabadi & Gergo Pinter & Amir Mosavi & Sandor Semperger, 2020. "Sustainable Banking; Evaluation of the European Business Models," Papers 2003.13423, arXiv.org.
    3. Aleksandar Senić & Momčilo Dobrodolac & Zoran Stojadinović, 2024. "Predicting Extension of Time and Increasing Contract Price in Road Infrastructure Projects Using a Sugeno Fuzzy Logic Model," Mathematics, MDPI, vol. 12(18), pages 1-22, September.
    4. Hani Alyami & Paul Tae-Woo Lee & Zaili Yang & Ramin Riahi & Stephen Bonsall & Jin Wang, 2014. "An advanced risk analysis approach for container port safety evaluation," Maritime Policy & Management, Taylor & Francis Journals, vol. 41(7), pages 634-650, December.
    5. Saskia Crucke & Adelien Decramer, 2016. "The Development of a Measurement Instrument for the Organizational Performance of Social Enterprises," Sustainability, MDPI, vol. 8(2), pages 1-30, February.
    6. Hamidreza Qane'ei Kenarsari & Narges Banaeian & Mahdi Khani, 2024. "Selecting a sustainable array of machinery by integrating analytic hierarchy process with gray relational analysis," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 34(2), pages 109-119.
    7. Shamshirband, Shahaboddin & Petković, Dalibor & Enayatifar, Rasul & Hanan Abdullah, Abdul & Marković, Dušan & Lee, Malrey & Ahmad, Rodina, 2015. "Heat load prediction in district heating systems with adaptive neuro-fuzzy method," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 760-767.
    8. Gholamreza Dehdasht & Rosli Mohamad Zin & M. Salim Ferwati & Mu’azu Mohammed Abdullahi & Ali Keyvanfar & Ronald McCaffer, 2017. "DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects," Sustainability, MDPI, vol. 9(8), pages 1-24, August.
    9. Patricia Romero-Lankao & Daniel M. Gnatz & Olga Wilhelmi & Mary Hayden, 2016. "Urban Sustainability and Resilience: From Theory to Practice," Sustainability, MDPI, vol. 8(12), pages 1-19, November.
    10. Abraham Park & Chen Yu Chang, 2013. "Impacts of Construction Events on the Project Equity Value of the Channel Tunnel Project," ERES eres2013_97, European Real Estate Society (ERES).
    11. Usama H. Issa & Ashraf Balabel & Mohammed Abdelhakeem & Medhat M. A. Osman, 2021. "Developing a Risk Model for Assessment and Control of the Spread of COVID-19," Risks, MDPI, vol. 9(2), pages 1-15, February.
    12. Saeed Nosratabadi & Gergo Pinter & Amir Mosavi & Sandor Semperger, 2020. "Sustainable Banking; Evaluation of the European Business Models," Sustainability, MDPI, vol. 12(6), pages 1-19, March.
    13. Usama Issa & Ibrahim Sharaky & Mamdooh Alwetaishi & Ashraf Balabel & Amal Shamseldin & Ahmed Abdelhafiz & Mohammed Al-Surf & Mosleh Al-Harthi & Medhat M. A. Osman, 2021. "Developing and Applying a Model for Evaluating Risks Affecting Greening Existing Buildings," Sustainability, MDPI, vol. 13(11), pages 1-21, June.
    14. Sabriye Topal & Emine Atasoylu, 2022. "A Fuzzy Risk Assessment Model for Small Scale Construction Work," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
    15. Tiberius, Victor & Hirth, Stefanie, 2019. "Impacts of digitization on auditing: A Delphi study for Germany," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 37(C).
    16. Cabrera Llanos, Agustín I. & Ortiz Arango, Francisco & Dávila Aragón, Griselda, 2022. "Caracterización de la productividad de una empresa mexicana desarrolladora de tecnología mediante control difuso [Characterization of the productivity of a Mexican technology development company th," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 34(1), pages 281-304, December.
    17. Paul M. Gangi & Allen C. Johnston & James L. Worrell & Samuel C. Thompson, 0. "What could possibly go wrong? A multi-panel Delphi study of organizational social media risk," Information Systems Frontiers, Springer, vol. 0, pages 1-20.
    18. Keçebaş, Ali & Alkan, Mehmet Ali & Yabanova, İsmail & Yumurtacı, Mehmet, 2013. "Energetic and economic evaluations of geothermal district heating systems by using ANN," Energy Policy, Elsevier, vol. 56(C), pages 558-567.
    19. Demir, Selcuk & Basaraner, Melih & Taskin Gumus, Alev, 2021. "Selection of suitable parking lot sites in megacities: A case study for four districts of Istanbul," Land Use Policy, Elsevier, vol. 111(C).
    20. Khaled Alzeaideen, 2020. "Construction of Competitive Advantage Instrument in Jordanian SME Context Using Structural Equation Modelling," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 236-251, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:7:y:2015:i:3:p:2885-2914:d:46662. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.