Risk Management in Railways Construction Investments: A Case Study of China-Pakistan Economic Corridor (CPEC) ML-1 Project

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-04-15 DOI:10.2478/ttj-2024-0014

Yousaf Ali, Muhammad Sabir, Muhammad Salman Hassan

引用次数: 0

Abstract

Railway projects are incredibly costly due to their complex nature. This study performs risk analysis and management of Pakistan railways ML-1 project expansion and upgradation that will be undertaken at US$6.8 billion under the China-Pakistan Economic Corridor (CPEC). The risks were identified based on an extensive literature review and their relevance to the CPEC. We employed fuzzy set theory (integrated with the risk severity index) to obtain the most severe risks. The novelty of this study is the technique employed to analyse and rank the risk, also there are no previous studies conducted that emphasized the construction risk of railway projects in Pakistan. The study is useful for all stakeholders of the project, as it can plan for them to tackle these risks and implement ML-1 successfully.

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铁路建设投资中的风险管理：中巴经济走廊（CPEC）ML-1 项目案例研究

铁路项目因其复杂性而耗资巨大。本研究对巴基斯坦铁路 ML-1 项目的扩建和升级进行了风险分析和管理，该项目将在中巴经济走廊（CPEC）下进行，耗资 68 亿美元。风险的识别基于广泛的文献综述及其与 CPEC 的相关性。我们采用了模糊集理论（与风险严重性指数相结合）来获得最严重的风险。本研究的新颖之处在于所采用的风险分析和排序技术，而且之前也没有任何研究强调巴基斯坦铁路项目的施工风险。这项研究对项目的所有利益相关者都很有用，因为它可以为他们制定应对这些风险的计划，并成功实施 ML-1。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.