Application of a quantitative multiple criteria decision making (MCDM-1) approach to the analysis of investments in construction

The paper considers major principles of methods based on quantitative measurements. The problem of construction investments is considered as determining the potential of construction and the structure of expenses. The calculation of investments is an important element in investment planning. It can be seen as harmonization and evaluation of models for investment decision–making. The multiple attribute decision methods, taking into consideration major efficiency criteria, enable the effective solving of the complicated problems involved. When the quantitative criteria are precisely defined, the developed quantitative multiple criteria decision making (MCDM–1) method can be successfully applied. The present paper is devoted to the analysis of the algorithm and methods of application of the suggested technique.