The paper is concerned with the process of risk modelling in the building projects. Using a model of real object is one of the features of the present research works. In some cases, that method is necessary to carry out some forms of experiments. A model is a copy of reality. Modelling enables...

Risk accompanies every economic decision. Investment decisions are burdened with particularly great risk. Quantification of risk belongs to most heaviest tasks in risk management of the investment project. Traditionally, probability distribution was being utilized for the description of the...