The Application of Monte Carlo Simulation in Present Earning Value Method — Case Study of a Medium Hydropower Station

Autor:	Song Jiang Wang, Ai Lan Zhang
Rok vydání:	2013
Předmět:	Engineering Small hydro Persuasion business.industry media_common.quotation_subject Monte Carlo method Control (management) General Engineering Value (economics) Credibility Econometrics business Hydropower media_common
Zdroj:	Advanced Materials Research. :731-737
ISSN:	1662-8985
DOI:	10.4028/www.scientific.net/amr.732-733.731
Popis:	Processing the parameters overly simplistic will leave space for overestimating or underestimating artificially when we assess the assets of medium and small hydropower stations using present earning value method. And absolute assumptions often affect the adequacy of the assessment results, also the persuasive and credibility. Monte Carlo simulation can determine the wave of parameters in present earning value method, so as to improve the persuasion and credibility of assessment results and reduce the personnel control.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ab31b9f0756839821202d59acb93bfbe https://doi.org/10.4028/www.scientific.net/amr.732-733.731 Zobrazit plný text záznamu