2022
DOI: 10.1139/cjce-2021-0099
|View full text |Cite
|
Sign up to set email alerts
|

Domain-specific risk assessment using integrated simulation: a case study of an onshore wind project

Abstract: Although many quantitative risk assessment models have been proposed in literature, their use in construction practice remain limited due to a lack of domain-specific models, tools, and application examples. This is especially true in wind farm construction, where the state-of-the-art integrated Monte Carlo simulation and critical path method (MCS-CPM) risk assessment approach has yet to be demonstrated. The present case study is the first reported application of the MCS-CPM method for risk assessment in wind … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1

Citation Types

0
1
0

Year Published

2022
2022
2023
2023

Publication Types

Select...
3

Relationship

1
2

Authors

Journals

citations
Cited by 3 publications
(2 citation statements)
references
References 54 publications
0
1
0
Order By: Relevance
“…The critical path method (CPM) has been used as a valuable tool to assess time-related risks (Olivieri et al, 2019;Kusumadarma et al, 2020;Ramani et al, 2022). Several authors also use CPM in risk management (Nguyen et al, 2018;Mohamed et al, 2022). The method mentioned above was also used by Song et al, who used the critical path as an entry point for managing and coordinating individual project activities (2021).…”
Section: Methodsmentioning
confidence: 99%
“…The critical path method (CPM) has been used as a valuable tool to assess time-related risks (Olivieri et al, 2019;Kusumadarma et al, 2020;Ramani et al, 2022). Several authors also use CPM in risk management (Nguyen et al, 2018;Mohamed et al, 2022). The method mentioned above was also used by Song et al, who used the critical path as an entry point for managing and coordinating individual project activities (2021).…”
Section: Methodsmentioning
confidence: 99%
“…Indeed, the schedule delay of an average wind farm project was estimated to be approximately 10% of the planned project duration [5]. Delays in wind farm construction are particularly problematic [6], as most contracts between the owner and the engineering, procurement, and construction (EPC) contractor(s) include a provision for liquidated damages if a project exceeds the contractually-specified end date [7]. Completing wind farm construction tasks on time is essential for ensuring profitability [6].…”
Section: Introductionmentioning
confidence: 99%