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- W330938503 abstract " Monte Carlo simulation of activity networks has generated interest as a method for cost/schedule risk analysis during the design and contracting stages of large engineering projects. Commercial software for project risk analysis is now widely available as extensions to many popular project management/scheduling software packages. However, many cost and uncertainty modeling issues remain to be addressed, in terms of both practical implementation and underlying methodology. Several of these issues were examined in the course of developing a risk analysis methodology for the domain of commercial ship production. These include: statistical dependence of riskrelated activities; expert elicitation of activity duration uncertainty; net present value representation for production costs, contract penalty costs, etc.; and determination of contract payments at project milestones." @default.
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- W330938503 date "2003-01-01" @default.
- W330938503 modified "2023-09-27" @default.
- W330938503 title "Risk Analysis for Large Engineering Projects: Modeling Cost Uncertainty for Ship Production Activities" @default.
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