A New Version of Earned Value Analysis for Mega Projects Under Interval-valued Fuzzy Environment

Document Type: Original Manuscript

Authors

1 Department of Industrial Engineering, Faculty of Engineering, Shahed University, Tehran, Iran

2 Department of Industrial Engineering and Mechanical Engineering, Islamic Azad University-Qazvin branch, Qazvin, Iran

10.22094/joie.2016.267

Abstract

The earned value technique is a crucial and important technique in analysis and control the performance and progress of mega projects by integrating three elements of them, i.e., time, cost and scope. This paper proposes a new version of earned value analysis (EVA) to handle uncertainty in mega projects under interval-valued fuzzy (IVF)-environment. Considering that uncertainty is very common in mega projects’ activities, the proposed IVF-EVA model is very useful and applicable in evaluating the progress of projects. In this paper, analyzing earned value indices and calculating them with linguistic terms have been discussed. They are then converted into interval-valued fuzzy numbers (IVFNs) for the evaluations. Finally, an application example from the recent literature is presented and steps of the proposed IVF-EVA are elaborated.

Graphical Abstract

A New Version of Earned Value Analysis for Mega Projects Under Interval-valued Fuzzy Environment

Highlights

  • Proposing a new interval-valued fuzzy version of earned value analysis (EVA) in mega projects
  • Discussing about analyzing earned value indices and calculating them with linguistic terms
  • Checking the validation of proposed interval-valued fuzzy-EVA based on an application

Keywords

Main Subjects


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