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Basic techniques for analyzing and presentation of cost risk analysis

By: Contributor(s): Series: Cost Engineering ; 43(6) June 2001, 25-31(7)Publication details: 2001Subject(s): Summary: Debates the use of the quantitative process known as simulation with Monte Carlo analysis (MCA) as a method of analysing the cost probabilities and risks associated with significant or strategic business decisions. Tables, graphs, references.

Debates the use of the quantitative process known as simulation with Monte Carlo analysis (MCA) as a method of analysing the cost probabilities and risks associated with significant or strategic business decisions. Tables, graphs, references.