Title :
Estimation of contingency in price variation based on Monte Carlo simulation
Author_Institution :
Sch. of Manage., Guizhou Univ., Guiyang, China
Abstract :
Many uncertain factors will occur when the construction is being done, the owner needs to prepare amount of money for these factors. At present, we all use a fixed ratio to estimate it so that cannot reflect the future entirely and objective. This paper uses the Monte Carlo simulation to estimate the contingency in price variation as entirely as possible.
Keywords :
Monte Carlo methods; pricing; Monte Carlo simulation; money amount; price variation contingency; uncertain factor; Monte Carlo simulation; contingency; price variation;
Conference_Titel :
Communication Software and Networks (ICCSN), 2011 IEEE 3rd International Conference on
Conference_Location :
Xi´an
Print_ISBN :
978-1-61284-485-5
DOI :
10.1109/ICCSN.2011.6014349
