DocumentCode
536709
Title
Application of MC Method in Risk Decision of Engineering Project
Author
Wang Yonggui ; Zhang Juan
Author_Institution
Sch. of Civil Eng., Henan Polytech. Univ., Jiaozuo, China
fYear
2010
fDate
7-9 Nov. 2010
Firstpage
1
Lastpage
3
Abstract
Combined with engineering example, this paper utilizes the Monte Carlo method in network planning, calculates the probability of project completion or completion risk for specific planned construction period.
Keywords
Monte Carlo methods; construction industry; decision making; project management; risk analysis; MC method; Monte Carlo method; completion risk; engineering project; network planning; planned construction period; project completion; risk decision; Analytical models; Gaussian distribution; Monte Carlo methods; Probability distribution; Risk analysis; Schedules;
fLanguage
English
Publisher
ieee
Conference_Titel
E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
Conference_Location
Henan
Print_ISBN
978-1-4244-7159-1
Type
conf
DOI
10.1109/ICEEE.2010.5660465
Filename
5660465
Link To Document