A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Monte Carlo Simulation Analysis at Lester B Pearson International Airport Development Project
Construction projects are complex in nature and have many inherent uncertainties. These uncertainties are not only from the unique nature of the project but also from the diversity of resources and activities. In addition, external factors have a very significant effect on the outcome of a project. The objective of this project was to investigate the schedule risks and their effect on the new terminal building at Lester B Pearson International Airport. This paper reviews the risk analysis techniques common for schedules, namely PERT and Monte Carlo simulation. Then the application of Monte Carlo simulation to the terminal building construction schedule is discussed including the problems encountered during data collection and model integration.
Monte Carlo Simulation Analysis at Lester B Pearson International Airport Development Project
Construction projects are complex in nature and have many inherent uncertainties. These uncertainties are not only from the unique nature of the project but also from the diversity of resources and activities. In addition, external factors have a very significant effect on the outcome of a project. The objective of this project was to investigate the schedule risks and their effect on the new terminal building at Lester B Pearson International Airport. This paper reviews the risk analysis techniques common for schedules, namely PERT and Monte Carlo simulation. Then the application of Monte Carlo simulation to the terminal building construction schedule is discussed including the problems encountered during data collection and model integration.
Monte Carlo Simulation Analysis at Lester B Pearson International Airport Development Project
Ersahin, Tolga (author) / McCabe, Brenda (author) / Doyle, Mark (author)
Construction Research Congress 2003 ; 2003 ; Honolulu, Hawaii, United States
2003-03-14
Conference paper
Electronic Resource
English
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