DocumentCode
1822361
Title
Risk analysis and response for flow construction
Author
Yang Zhi-yong ; Wang Zhuo-fu ; Liu Bing-sheng ; Chen Zu-rong
Author_Institution
Bus. Sch., Hohai Univ., Nanjing, China
fYear
2010
fDate
7-10 Dec. 2010
Firstpage
2039
Lastpage
2042
Abstract
The continuous operation mode of high equilibrium in the flow construction yields great benefits in lowering the cost and reducing the construction period as well as risks. The change of the construction period of any sub-construction will definitely exert a relatively great impact on the balanced construction of the project. Through the analysis of Monte Carlo simulation method (MC), the assurance degree of the total duration calculated by using the traditional method is extremely low; after considering the effect of several kinds of important risks during the flow construction, such as “Adverse Selection”, “Student Syndrome” on the total construction duration, the assurance degree of the total duration goes to almost zero degrees. The measures for the corresponding risks are put forward and their effects are analyzed as well. After the corresponding measures are adopted, the assurance degree of the total duration of the project has been greatly increased.
Keywords
Monte Carlo methods; construction industry; production management; project management; risk analysis; Monte Carlo simulation method; adverse selection; construction duration; flow construction; risk analysis; student syndrome; Face; Organizations; Production; Reliability; Risk analysis; Schedules; Time frequency analysis; Streamlined coordination production; risk analysis; risk response; risk simulation;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2010 IEEE International Conference on
Conference_Location
Macao
ISSN
2157-3611
Print_ISBN
978-1-4244-8501-7
Electronic_ISBN
2157-3611
Type
conf
DOI
10.1109/IEEM.2010.5674253
Filename
5674253
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