Monte Carlo simulation of construction costs using subjective data
Language: English Series: Construction Management & Economics ; 13(5) September 1995, 369-383(15)Publication details: 1995Subject(s): Summary: Critically examines the bias in the risk analysis of construction costs arising from the assumptions of independence and triangular distribution. Various possible solutions to reduce the bias are explored.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS53684 (Browse shelf(Opens below)) | 1 | Available | 5891-1001 |
Critically examines the bias in the risk analysis of construction costs arising from the assumptions of independence and triangular distribution. Various possible solutions to reduce the bias are explored.