A Model of Costs Simulation using Monte Carlo Method for Road Pavement Development Projects

Autor:	ARBA Raluca
Jazyk:	angličtina
Rok vydání:	2019
Předmět:	impact on costs simulation monte carlo method road pavement projects Mathematics QA1-939 Electronic computers. Computer science QA75.5-76.95
Zdroj:	Journal of Applied Computer Science & Mathematics, Vol 13, Iss 2, Pp 9-13 (2019)
Druh dokumentu:	article
ISSN:	2066-4273 2066-3129
DOI:	10.4316/JACSM.201902001
Popis:	Road pavement construction projects are a complex type of project that involve a considerable amount of resources and time, which leads in many cases in a considerable increase of costs. Therefore risk and uncertainty are variables that may lead to significant changes in the budget of a project and may even lead to failure unless these changes are taking into consideration when determining the budget. This paper aims to present a model of cost simulation using the Monte Carlo Method which takes into consideration the main road parameter that may cause failure of a project – type of road distress, the level of failure and its impact on final budget of a project.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/5cecf43f1ff84036b5ff9ec4695b60cb Zobrazit plný text záznamu View record in DOAJ