Abusalem, Osama and Bertalan, Nikolett and Kocsi, Balázs (2019) Implementing Quantitative Techniques to Improve Decision Making in Construction Projects: A Case Study. POLLACK PERIODICA, 14 (3). pp. 223-234. ISSN 1788-1994 (print); 1788-3911 (online)
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Abstract
This research aims to evaluate the effectiveness of implementing quantitative techniques to improve decision making in construction projects by using time- and cost-oriented failure mode and effect analysis and Monte Carlo simulation. This research is limited to the project schedule and risk management of one phase of construction project to build a new automated warehouse in Hungary. The results show that there are 80% and 100% chances that the duration and cost of the construction project phase will increase due to the uncertainty and individual risks associated with the construction project activities respectively.
| Item Type: | Article |
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| Additional Information: | MTA KFB támogatási szerződés alapján archiválva |
| Subjects: | T Technology / alkalmazott, műszaki tudományok > TA Engineering (General). Civil engineering (General) / általános mérnöki tudományok |
| Depositing User: | Violetta Baliga |
| Date Deposited: | 27 Feb 2020 07:39 |
| Last Modified: | 03 Apr 2023 06:44 |
| URI: | http://real.mtak.hu/id/eprint/106590 |
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