Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability

Traditional engineering risk management has been unable to adapt to the complexity and variability due to its constituent elements and dynamic nature of internal and external environments. Vulnerability, as a concept closely related to risk, has been neglected in the traditional risk management due...

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Main Authors: Qin Xuan, Ye Shi, Ren Qiao, Shuling Chen
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2023-10-01
Series:Journal of Civil Engineering and Management
Subjects:
Online Access:https://jau.vgtu.lt/index.php/JCEM/article/view/19517
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author Qin Xuan
Ye Shi
Ren Qiao
Shuling Chen
author_facet Qin Xuan
Ye Shi
Ren Qiao
Shuling Chen
author_sort Qin Xuan
collection DOAJ
description Traditional engineering risk management has been unable to adapt to the complexity and variability due to its constituent elements and dynamic nature of internal and external environments. Vulnerability, as a concept closely related to risk, has been neglected in the traditional risk management due to its hidden characteristics. This study attempts to quantify and evaluate vulnerabilities of complex engineering projects independently and explore the transmission mechanism between risk and vulnerability factors. Twenty different types of large-scale engineering projects in China were selected as case studies from the Mega Project Case Study Center (MPCSC) of Tongji University. Vulnerability and risk factors of each project were identified and analysed. A mechanism model was developed to explore the impacts of vulnerabilities and risks through ta Fuzzy Petri Net. Four main vulnerability-risk critical paths were identified through the reverse labelling method. The overall evaluation of engineering project risks considering the impacts of vulnerabilities is the highlight of this paper. This study interprets the cognition and evaluation of complex engineering risks from a new perspective, enriches the connotation of engineering risk management, and provides a reference for risk management and decisionmaking of complex engineering projects.
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spelling doaj.art-c79d67ea1bbd404c85f10be8b95ab1222023-10-09T15:21:17ZengVilnius Gediminas Technical UniversityJournal of Civil Engineering and Management1392-37301822-36052023-10-0129710.3846/jcem.2023.19517Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerabilityQin Xuan0Ye Shi1Ren Qiao2Shuling Chen3College of Civil Engineering, Huaqiao University, Xiamen, ChinaCity Futures Research Centre, Faculty of Arts, Design and Architecture, the University of New South Wales, Sydney, AustraliaCollege of Civil Engineering, Huaqiao University, Xiamen, ChinaCollege of Civil Engineering, Huaqiao University, Xiamen, China Traditional engineering risk management has been unable to adapt to the complexity and variability due to its constituent elements and dynamic nature of internal and external environments. Vulnerability, as a concept closely related to risk, has been neglected in the traditional risk management due to its hidden characteristics. This study attempts to quantify and evaluate vulnerabilities of complex engineering projects independently and explore the transmission mechanism between risk and vulnerability factors. Twenty different types of large-scale engineering projects in China were selected as case studies from the Mega Project Case Study Center (MPCSC) of Tongji University. Vulnerability and risk factors of each project were identified and analysed. A mechanism model was developed to explore the impacts of vulnerabilities and risks through ta Fuzzy Petri Net. Four main vulnerability-risk critical paths were identified through the reverse labelling method. The overall evaluation of engineering project risks considering the impacts of vulnerabilities is the highlight of this paper. This study interprets the cognition and evaluation of complex engineering risks from a new perspective, enriches the connotation of engineering risk management, and provides a reference for risk management and decisionmaking of complex engineering projects. https://jau.vgtu.lt/index.php/JCEM/article/view/19517complex engineering projectrisk assessmentvulnerabilityfuzzy Petri netproject risk management
spellingShingle Qin Xuan
Ye Shi
Ren Qiao
Shuling Chen
Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability
Journal of Civil Engineering and Management
complex engineering project
risk assessment
vulnerability
fuzzy Petri net
project risk management
title Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability
title_full Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability
title_fullStr Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability
title_full_unstemmed Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability
title_short Risk assessment of complex engineering project based on fuzzy Petri net under the perspective of vulnerability
title_sort risk assessment of complex engineering project based on fuzzy petri net under the perspective of vulnerability
topic complex engineering project
risk assessment
vulnerability
fuzzy Petri net
project risk management
url https://jau.vgtu.lt/index.php/JCEM/article/view/19517
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AT renqiao riskassessmentofcomplexengineeringprojectbasedonfuzzypetrinetundertheperspectiveofvulnerability
AT shulingchen riskassessmentofcomplexengineeringprojectbasedonfuzzypetrinetundertheperspectiveofvulnerability