Assigning limited resources to contractors with FAHP and TOPSIS methods

Document Type : Research Paper

Authors

Abstract

This paper propose a solution method for assigning limited liquidity to contractors based on the project priorities which is one of the current issues in project liquidity management. The aim of this research is to introduce an approach to resolve the problems of public contractors in assigning resources to oil and gas projects. In this paper, first the effecting indices on contractors' performance are determined by Fuzzy AHP method. Then, the importance weights of the related criteria are calculated and the final scores of the contractors are found by TOPSIS technique based on the indices. Afterwards, the contractors are ranked. At the end, the method of assigning limited liquidity to the contractors is introduced using a heuristic algorithm. The actual data of a public contractor in oil and gas industry are used to illustrate the proposed procedure. Finally, the results and suggestions for further improvement are shown.

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  • Receive Date: 19 April 2016
  • Revise Date: 31 October 2016
  • Accept Date: 02 November 2016
  • First Publish Date: 22 May 2017