Monte Carlo analysis: ten years of experience
Clark, D.
Monte Carlo analysis: ten years of experience - 2001 - Cost Engineering 43(6) June 2001, 40-45(6) .
Uses actual project data from 19 projects to demonstrate the validity and effectiveness of the Monte Carlo analysis (MCA) in identifying project risks and opportunities and quantifying contingency. Tables, graphs, references.
COST ENGINEERING
MONTE CARLO METHOD
MONTE CARLO SIMULATION
RISK ANALYSIS
RISK ASSESSMENT
Monte Carlo analysis: ten years of experience - 2001 - Cost Engineering 43(6) June 2001, 40-45(6) .
Uses actual project data from 19 projects to demonstrate the validity and effectiveness of the Monte Carlo analysis (MCA) in identifying project risks and opportunities and quantifying contingency. Tables, graphs, references.
COST ENGINEERING
MONTE CARLO METHOD
MONTE CARLO SIMULATION
RISK ANALYSIS
RISK ASSESSMENT