• DocumentCode
    1974429
  • Title

    Study on Approach of Cost Risk Assessment in Bidding Phase

  • Author

    Wang Jian ; Guan Songjun ; Lin Dong-qing

  • Author_Institution
    China Pet. Eng. & Constr. Crop., Beijing, China
  • fYear
    2010
  • fDate
    20-22 Aug. 2010
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    An approach was proposed, which was applied Monte Carlo Simulation and risk analysis tool to assess cost risk in bidding phase, called CRA-MC. Last it was illustrated by simple camp-site construction example to show the benefits of this approach.
  • Keywords
    Monte Carlo methods; commerce; construction; costing; risk analysis; CRA-MC; Monte Carlo simulation; bidding phase; camp-site construction; cost risk assessment; risk analysis tool; Construction industry; Correlation; Materials; Monte Carlo methods; Probability distribution; Project management; Risk analysis;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Internet Technology and Applications, 2010 International Conference on
  • Conference_Location
    Wuhan
  • Print_ISBN
    978-1-4244-5142-5
  • Electronic_ISBN
    978-1-4244-5143-2
  • Type

    conf

  • DOI
    10.1109/ITAPP.2010.5566118
  • Filename
    5566118
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1974429