Methods of analysing risk exposure in the cost estimates of high quality offices
Newton, S.
Methods of analysing risk exposure in the cost estimates of high quality offices - 1992 - Construction Management & Economics 10(5) 1992, 431-449(19) .
Compares two techniques for analysing the element of client`s risk exposure in building cost estimates. One is the `conventional statistical` method: the other is known as the `Monte Carlo simulation` type. A case study is given to exemplify both methods.
MONTE CARLO SIMULATION
RISK ANALYSIS
Methods of analysing risk exposure in the cost estimates of high quality offices - 1992 - Construction Management & Economics 10(5) 1992, 431-449(19) .
Compares two techniques for analysing the element of client`s risk exposure in building cost estimates. One is the `conventional statistical` method: the other is known as the `Monte Carlo simulation` type. A case study is given to exemplify both methods.
MONTE CARLO SIMULATION
RISK ANALYSIS