Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq
Construction projects are of a special nature affected by many factors, which makes them exposed to multiple risks that may lead to the abandonment of projects. Recently, the Iraqi construction sector is facing a number of problems. Abandoned construction projects are one of the most common and dan...
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| Format: | Article |
| Language: | English |
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University of Diyala
2021-06-01
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| Series: | Diyala Journal of Engineering Sciences |
| Subjects: | |
| Online Access: | https://djes.info/index.php/djes/article/view/797 |
| _version_ | 1818083778254340096 |
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| author | Huda Yaseen Hafeth I. Naji |
| author_facet | Huda Yaseen Hafeth I. Naji |
| author_sort | Huda Yaseen |
| collection | DOAJ |
| description |
Construction projects are of a special nature affected by many factors, which makes them exposed to multiple risks that may lead to the abandonment of projects. Recently, the Iraqi construction sector is facing a number of problems. Abandoned construction projects are one of the most common and dangerous problems in the construction industry in Iraq, with their negative effects on stakeholders, the economy, and the environment due to the lack of sufficient financial and administrative capabilities to complete construction projects, which is reflected in exceeding the time limit for the completion of projects. The aim of this research is to use the analytic network process (ANP) technique to choose the best form of Public-Private Partnership (PPP) contracts to fund abandoned projects in Iraq. using a questionnaire survey to determine the most criteria and alternatives for selecting appropriate financing for the abandoned project. The results shown final weight of the Build-Own-Operate (BOO) contract from ANP is 0.533, which is the best form of PPP contract among the alternatives proposed to fund the project.
Conclusion
Focusing on unfinished projects is one of the major challenges facing the construction industry in developing countries like Iraq , as a result of financial crises, which have resulted in projects being stalled or abandoned in Iraq. As a result, the authors are attempting to choose the best funding model for PPP using ANP technology in order to complete the project,the authors conclude the following:
• Using the program software ANP to evaluate the best the Public-Private Partnership contract in abandoned projects is an effective tool for dealing with complex decision-making where results show that the best contract type that meets all criteria the BOO contract with a weight equal to 0.533, considered best, which improves the financing performance of the building during its lifecycle.
• Based on ANP technology, the PPP contracts criteria weights are Percent of completion, a Project nature and type, with the highest weight equal to 0.455 and 0.204 respectively and this result indicates that this criterion is of great importance for the selection of PPP contracts in abandoned projects
• Lack of professionalism in most management strategy, particularly with regard to the financial allocation of resources, as well as the spread of corruption and lack of transparency and justice.
• The limitations of this research are applying ANP to choose the best financing model at the construction stage of the project. For future study using various methods and case studies to determine the best funding model in construction projects.
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| first_indexed | 2024-12-10T19:43:24Z |
| format | Article |
| id | doaj.art-9d97a8bd247649afb875abd045a90ad3 |
| institution | Directory Open Access Journal |
| issn | 1999-8716 2616-6909 |
| language | English |
| last_indexed | 2024-12-10T19:43:24Z |
| publishDate | 2021-06-01 |
| publisher | University of Diyala |
| record_format | Article |
| series | Diyala Journal of Engineering Sciences |
| spelling | doaj.art-9d97a8bd247649afb875abd045a90ad32022-12-22T01:35:57ZengUniversity of DiyalaDiyala Journal of Engineering Sciences1999-87162616-69092021-06-0114210.24237/djes.2021.14206Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in IraqHuda Yaseen0Hafeth I. Naji 1Department of Civil Engineering, College of Engineering, University of DiyalaDepartment of Civil Engineering, College of Engineering, University of Diyala Construction projects are of a special nature affected by many factors, which makes them exposed to multiple risks that may lead to the abandonment of projects. Recently, the Iraqi construction sector is facing a number of problems. Abandoned construction projects are one of the most common and dangerous problems in the construction industry in Iraq, with their negative effects on stakeholders, the economy, and the environment due to the lack of sufficient financial and administrative capabilities to complete construction projects, which is reflected in exceeding the time limit for the completion of projects. The aim of this research is to use the analytic network process (ANP) technique to choose the best form of Public-Private Partnership (PPP) contracts to fund abandoned projects in Iraq. using a questionnaire survey to determine the most criteria and alternatives for selecting appropriate financing for the abandoned project. The results shown final weight of the Build-Own-Operate (BOO) contract from ANP is 0.533, which is the best form of PPP contract among the alternatives proposed to fund the project. Conclusion Focusing on unfinished projects is one of the major challenges facing the construction industry in developing countries like Iraq , as a result of financial crises, which have resulted in projects being stalled or abandoned in Iraq. As a result, the authors are attempting to choose the best funding model for PPP using ANP technology in order to complete the project,the authors conclude the following: • Using the program software ANP to evaluate the best the Public-Private Partnership contract in abandoned projects is an effective tool for dealing with complex decision-making where results show that the best contract type that meets all criteria the BOO contract with a weight equal to 0.533, considered best, which improves the financing performance of the building during its lifecycle. • Based on ANP technology, the PPP contracts criteria weights are Percent of completion, a Project nature and type, with the highest weight equal to 0.455 and 0.204 respectively and this result indicates that this criterion is of great importance for the selection of PPP contracts in abandoned projects • Lack of professionalism in most management strategy, particularly with regard to the financial allocation of resources, as well as the spread of corruption and lack of transparency and justice. • The limitations of this research are applying ANP to choose the best financing model at the construction stage of the project. For future study using various methods and case studies to determine the best funding model in construction projects. https://djes.info/index.php/djes/article/view/797Abandoned construction projectsPublic-Private Partnership (PPP)Analytical Network Process (ANP) |
| spellingShingle | Huda Yaseen Hafeth I. Naji Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq Diyala Journal of Engineering Sciences Abandoned construction projects Public-Private Partnership (PPP) Analytical Network Process (ANP) |
| title | Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq |
| title_full | Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq |
| title_fullStr | Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq |
| title_full_unstemmed | Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq |
| title_short | Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq |
| title_sort | applying analytical network process to the selection of financing method for abandoned construction projects in iraq |
| topic | Abandoned construction projects Public-Private Partnership (PPP) Analytical Network Process (ANP) |
| url | https://djes.info/index.php/djes/article/view/797 |
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