DocumentCode :
1822361
Title :
Risk analysis and response for flow construction
Author :
Yang Zhi-yong ; Wang Zhuo-fu ; Liu Bing-sheng ; Chen Zu-rong
Author_Institution :
Bus. Sch., Hohai Univ., Nanjing, China
fYear :
2010
fDate :
7-10 Dec. 2010
Firstpage :
2039
Lastpage :
2042
Abstract :
The continuous operation mode of high equilibrium in the flow construction yields great benefits in lowering the cost and reducing the construction period as well as risks. The change of the construction period of any sub-construction will definitely exert a relatively great impact on the balanced construction of the project. Through the analysis of Monte Carlo simulation method (MC), the assurance degree of the total duration calculated by using the traditional method is extremely low; after considering the effect of several kinds of important risks during the flow construction, such as “Adverse Selection”, “Student Syndrome” on the total construction duration, the assurance degree of the total duration goes to almost zero degrees. The measures for the corresponding risks are put forward and their effects are analyzed as well. After the corresponding measures are adopted, the assurance degree of the total duration of the project has been greatly increased.
Keywords :
Monte Carlo methods; construction industry; production management; project management; risk analysis; Monte Carlo simulation method; adverse selection; construction duration; flow construction; risk analysis; student syndrome; Face; Organizations; Production; Reliability; Risk analysis; Schedules; Time frequency analysis; Streamlined coordination production; risk analysis; risk response; risk simulation;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Industrial Engineering and Engineering Management (IEEM), 2010 IEEE International Conference on
Conference_Location :
Macao
ISSN :
2157-3611
Print_ISBN :
978-1-4244-8501-7
Electronic_ISBN :
2157-3611
Type :
conf
DOI :
10.1109/IEEM.2010.5674253
Filename :
5674253
Link To Document :
بازگشت