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Correlation 1603

The document discusses quantitative risk analysis for construction projects using the Monte Carlo method. It highlights the correlation between time, cost, and resource limitations in construction projects. A case study of a construction project is analyzed using risk analysis software to demonstrate the advantages of considering these correlated parameters.

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Andres Boyaca
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0% found this document useful (0 votes)
27 views10 pages

Correlation 1603

The document discusses quantitative risk analysis for construction projects using the Monte Carlo method. It highlights the correlation between time, cost, and resource limitations in construction projects. A case study of a construction project is analyzed using risk analysis software to demonstrate the advantages of considering these correlated parameters.

Uploaded by

Andres Boyaca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ScienceDirect
Procedia Engineering 85 (2014) 436 445

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Technical University of Civil Engineering, Bucharest, Romania
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Bucharest University of Economic Studies, Bucharest, Romania

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Keywords:0DQDJHPHQWE\WUHQGV0RQWH&DUORPHWKRG3URMHFW3ODQQLQJDQG6FKHGXOLQJ4XDQWLWDWLYH5LVN$QDO\VLV5LVN,QGH[


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1877-7058 2014 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license
(http://creativecommons.org/licenses/by-nc-nd/3.0/).
Peer-review under responsibility of the Diamond Congress Kft.
doi:10.1016/j.proeng.2014.10.570
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