310
Views
43
CrossRef citations to date
0
Altmetric
Original Articles

Monte Carlo simulation of construction costs using subjective data

Pages 369-383 | Published online: 28 Jul 2006

References

  • AbouRizk , S. and Halpin , D. 1992 . Statistical properties of construction duration data . Journal of Construction Engineering and Management, ASCE , 118 ( 3 ) : 525 – 544 .
  • AbouRizk , S. , Halpin , D. and Wilson , J. 1992 . Visual interactive estimation of beta distributions . Journal of Construction Engineering and Management, ASCE , 117 ( 4 ) : 586 – 605 .
  • AbouRizk , S. M. , Halpin , D. W. and Wilson , J. R. 1993 . Fitting beta distribution based on sample data . Journal of Construction Engineering and Management, ASCE , 120 ( 2 ) : 288 – 305 .
  • Archibald , R. D. and Villoria , R. L. 1967 . Network-based Management Systems , New York : Wiley .
  • Battersby , A. 1970 . Network Analysis for Planning and Scheduling , 3rd , London : Macmillan .
  • Chau , K. W. On the assumption of triangular distribution in risk analysis of construction cost . Proceedings of the 1993 W55 CIB International Symposium on Building Economics . Lisbon , Portugal. Vol. 7 , pp. 33 – 71 .
  • Chau , K. W. 1995 . The validity of the triangular distribution assumption in Monte Carlo simulation of construction costs . Construction Management and Economics , 13 ( 1 ) : 15 – 21 .
  • Curran , M. W. 1980 . Range estimating . Cost Engineering , 31 ( 3 ) : 18 – 26 .
  • Flanagan , R. and Norman , G. 1993 . Risk Management and Construction , Oxford : Blackwell Scientific .
  • Flanagan and Stevens . 1990 . “ Risk analysis ” . In Quantity Surveying Techniques: New Directions , Edited by: Brandon , P. S. 121 – 138 . Oxford : BSP Professional Books .
  • Grubbs , F. E. 1962 . Operations research , 10 ( 912 )
  • Hertz , D. B. 1964 . Risk analysis in capital investment . Harvest Business Review , 42 : 95 – 106 . Reprinted in Harvest Business Review, September/October 1979, 169–82
  • MacCrimmon , K. R. and Ryavec , C. A. 1964 . Operations Research , 12 ( 16 )
  • Newton , S. 1992 . Methods of analysing risk exposure in the cost estimates of high quality offices . Construction Management and Economics , 10 : 431 – 449 .
  • Palisade Corporation . 1990 . @Risk version 1.55 User Guide , New York : Palisade Corporation .
  • Raftery , J. 1991 . Principles of Building Economics: An Introduction , Oxford : BSP Professional Books .
  • Riggs , L. S. 1989 . Numerical approach for generating beta random variables . Journal of Computing in Civil Engineering, ASCE , 3 ( 2 ) : 183 – 191 .
  • Touran , A. 1992 . Probabilistic cost estimating with subjective correlations . Journal of Construction Engineering and Management, ASCE , 119 ( 1 ) : 58 – 71 .
  • Touran , A. and Wiser , E. 1992 . Monte Carlo technique with correlated random variables . Journal of Construction Engineering and Management, ASCE , 11 ( 2 ) : 258 – 272 .
  • Wilson , A. 1982 . “ Experiments in probabilistic cost modelling ” . In Building Cost Techniques: New Directions , Edited by: Brandon , P. S. 169 – 180 . London : E. & F.N. Spon .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.