Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
The evaluation of construction disputes: a risk approach
Disputes frequently occur on engineering and construction projects. In this paper it is argued that these disputes need to be evaluated and managed, with proper attention being paid to planning of time and money. Since the way in which dispute management is approached will depend on the perceived self-interest of the parties, it is imperative that disputants have a sensible measure of their self-interest. ‘Traditional’ probabilistic risk assessment techniques are shown to be of assistance and can be used to compute appropriate dispute management strategies. By way of example, a Monte Carlo simulation of a dispute is performed and discussed.
The evaluation of construction disputes: a risk approach
Disputes frequently occur on engineering and construction projects. In this paper it is argued that these disputes need to be evaluated and managed, with proper attention being paid to planning of time and money. Since the way in which dispute management is approached will depend on the perceived self-interest of the parties, it is imperative that disputants have a sensible measure of their self-interest. ‘Traditional’ probabilistic risk assessment techniques are shown to be of assistance and can be used to compute appropriate dispute management strategies. By way of example, a Monte Carlo simulation of a dispute is performed and discussed.
The evaluation of construction disputes: a risk approach
O'REILLY, MICHAEL P. (Autor:in) / MAWDESLEY, MICHAEL J. (Autor:in)
Engineering, Construction and Architectural Management ; 1 ; 103-114
01.02.1994
12 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Risk , Simulation , Evaluation , Uncertainty , Disputes , Arbitration
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