2011
DOI: 10.1108/14714171111124167
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Mapping of synchronous activities through virtual management momentum simulation

Abstract: Purpose -This paper seeks to present an approach to the improvement of the risk analysis of construction projects by linking risk analysis to the potential variances in time and cost performance of endogenous variables. This link is synchronous, such that changes in either the cost or time schedule variables are uniquely modelled to the overall time and cost profile of a project. Design/methodology/approach -The presented approach is based on synchronous time and cost scheduling, simulation and the methodology… Show more

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Cited by 4 publications
(4 citation statements)
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“…into a feasible economic interpretation. Source: adapted and extended from [19]. The vectors described in Table 3 mimic the definitions of a physical application.…”
Section: Methodsmentioning
confidence: 99%
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“…into a feasible economic interpretation. Source: adapted and extended from [19]. The vectors described in Table 3 mimic the definitions of a physical application.…”
Section: Methodsmentioning
confidence: 99%
“…In addition to the rate of utilization of resources is the knowledge about the potential of durations D A volatility. Graphical presentation and statistical analysis of the time series [19] allows assessing the potential dynamics of external influences (for example, the expected development of material prices, wages, labor availability, traffic intensity, machinery, and other externalities). The durations are dominant application outputs of Figure 3, listed as {D A } Sim in Figure 4.…”
Section: Simulation Of the Duration Of The Project As A Whole D Amentioning
confidence: 99%
“…The barrier of hardware computing capacity for large-scale tasks is gone. Even for large-scale projects, with thousands of activities and simulation calculation iteration, calculations of analysis can be implemented and interpreted [8,30,31]. The data in Table 1 allow the calculation of nominal power productivity (MWe/ construction months).…”
Section: Methodsmentioning
confidence: 99%
“…The result is the dominance of the empirical model in use, where its deterministic time and cost plans can serve as a hypothetical Trojan Horse for its users, with devastating consequences. An illustrative example deals with the time and cost schedules of investment projects relating to nuclear power plants [7][8][9].…”
Section: Introductionmentioning
confidence: 99%