Study on risk assessment of electric power construction project based on Monte Carlo simulation

Author

Wei, Li ; Ya-nan, Yuan ; Wei-dong, Dong ; Dan, Wang

Author_Institution

Dept. of Econ. & Manage., North China Electr. Power Univ., Baoding, China

fYear

2009

fDate

13-14 Dec. 2009

Firstpage

532

Lastpage

535

Abstract

The power construction project is characterized by long period and a large sum of investment as well as its investment effect is likely to be confined by considerable conditions. Consequently, the power construction project is the project of high risk, without any doubt. This thesis analyses the risk factors in the power construction projects with making the assessment of the power construction projects via both Monte Carlo simulation method and its application software of crystal ball, contributing project decision-making evidence to the program.

Keywords

Monte Carlo methods; electricity supply industry; power system management; project management; risk management; Monte Carlo simulation; crystal ball; decision making evidence; electric power construction project; risk assessment; risk factors; Application software; Energy management; Engineering management; Investments; Power engineering and energy; Power generation economics; Probability; Project management; Risk analysis; Risk management; Crystal Ball software; Monte Carlo simulation method; electric power construction projects; risk assessment;

fLanguage

English

Publisher

ieee

Conference_Titel

BioMedical Information Engineering, 2009. FBIE 2009. International Conference on Future

Conference_Location

Sanya

Print_ISBN

978-1-4244-4690-2

Electronic_ISBN

978-1-4244-4692-6

Type

conf

DOI

10.1109/FBIE.2009.5405775

Filename

5405775