Risk analysis in capital cost estimating
Mathur, K.S.
Risk analysis in capital cost estimating - 1989 - Cost Engineering 31(8) August 1989, 9-16(8) .
Presents in detail a cost control computer model designed to help the decision-maker in the building industry predict costs for construction projects. The model takes into account the risk and uncertainties involved in construction and though its application is limited to institutional buildings like schools, the general principles apply to any type of structure. Illustrates with a case study and calculations. References.
ESTIMATING
MONTE CARLO METHOD
RISK ANALYSIS
Risk analysis in capital cost estimating - 1989 - Cost Engineering 31(8) August 1989, 9-16(8) .
Presents in detail a cost control computer model designed to help the decision-maker in the building industry predict costs for construction projects. The model takes into account the risk and uncertainties involved in construction and though its application is limited to institutional buildings like schools, the general principles apply to any type of structure. Illustrates with a case study and calculations. References.
ESTIMATING
MONTE CARLO METHOD
RISK ANALYSIS