Study on early warning evaluation of project investment risk considering comprehensive simulation method

Weina Li, Zhinan Cui and Xiaochun Tang

International Journal of Sustainable Development, 2023, vol. 26, issue 3/4, 306-317

Abstract: In order to overcome the problems of risk assessment method, such as too long assessment time and poor assessment accuracy, this paper proposes a project investment risk early warning assessment method considering the comprehensive simulation method. First, design a risk index system; secondly, the expert weight of project investment risk indicators is determined, and the objective weight of experts is calculated using similarity information; then, combined with CRITIC method, the mixed weights of index attributes are calculated; finally, the comprehensive simulation method is introduced to realise risk early warning evaluation. The results show that the accuracy of early warning under this method is always higher than 92%, and the evaluation time is always within 20 days, which effectively validates the effect of early warning evaluation of project investment risk under this method.

Keywords: comprehensive simulation method; CRITIC method; expert subjective weight method; project investment risk; evaluation matrix. (search for similar items in EconPapers)
Date: 2023
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