PROJECT SELECTION BY USING FUZZY TOPSIS METHOD: A REAL APPLICATION IN CONSTRUCTION SECTOR

Many companies operating in construction sector have the projects resulted with failure because of making unsuccessful decisions on project selection. The goal of this study is to propose a decision making approach for project selection by taking strategic goals and organizational expectations into consideration for the firms operating in construction sector. In this study, project selection criteria have been determined by discussing with the firms producing similar type of houses and by considering the related literature. Then a real application has been achieved in a large scale construction company. In the proposed model, a fuzzy technique for order preference by similarity to ideal solution (TOPSIS) method is used for evaluating and prioritizing the candidate construction projects. Consequently, it is determined that proposed model gives successful results and may help decision makers choose the best alternative projects.