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crews working at various locations. To attain the requirement, this study develops a new Monte Carlo simulation model … statistically verified through a real-life residential apartment project. The simulation results are compared to two conventional … analyses (PERT and simulation without correlation) to show the aggregated impact of correlations. The proposed model …
Persistent link: https://www.econbiz.de/10005482469
visualization purposes. Very few packages offer the ability to carry out analytical tasks on the developed simulation and this is … highlights that this technology is employed for various applications; however, the amount of detail required in a 4D simulation …
Persistent link: https://www.econbiz.de/10005482637
); it also uses a simulation approach to incorporate the effect on duration of the uncertain number of design iterations …
Persistent link: https://www.econbiz.de/10005482655
correlation effects. A new simulation-based model—the correlated cost risk analysis model (CCRAM)—is proposed to analyse the … application of CCRAM and Monte Carlo simulation (MCS) based method using the same hypothetical data. The findings show that CCRAM …
Persistent link: https://www.econbiz.de/10008502929
Current methods of predicting cash flow have a number of significant weaknesses. At the project level, previous models are simple and incorporate only some of the variables affecting cash flow. On the company level, budgeting is performed on an overall basis (i.e. no account is taken of...
Persistent link: https://www.econbiz.de/10005141075
An important consideration in cost risk analysis is the amount of correlation between different cost elements. If correlation is ignored, both the probability and magnitude of costs overruns could be significantly underestimated. The two major difficulties in implementing correlation addressed...
Persistent link: https://www.econbiz.de/10005141084
A project delivery process simulation is presented based upon empirical studies in the design-build environment of …, as well as design criteria changes along the delivery of a R&D fab utility system. Simulation shows that to involve the … - environments in which design criteria are likely to change irrespectively of the project progress status - simulation reveals that …
Persistent link: https://www.econbiz.de/10005445707
performance has been measured, through a combination of a survey and the development of simulation models. Preliminary … was designed to collect data required for developing the simulation models. These models were developed using Pertmaster … project of 300 days' duration. The results of the simulation showed that the project's median delay was 67 days (22% of the …
Persistent link: https://www.econbiz.de/10008603272
downstream agile process and shield upstream smooth production from market fluctuations. A simulation model is developed to … evaluate and validate the effectiveness of the proposed lean-agile model. Simulation experiments show that the lean-agile model …
Persistent link: https://www.econbiz.de/10009194495
The use of hybrid concrete technologies as a viable solution to traditional frame design has been inhibited by a general lack of information. The uptake of this technology has therefore been slow and parochial, as designers have tended to stay loyal to 'traditional', tried and tested...
Persistent link: https://www.econbiz.de/10005268997