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dynamic nature throughout the life cycle of the project. A system dynamics (SD) approach to construction project risk … management is presented, including risk analysis and response process. Owing to the imprecise and uncertain nature of risks …, fuzzy logic is integrated into system dynamics modelling structure. Risk magnitudes are defined by a fuzzy logic based risk …
Persistent link: https://www.econbiz.de/10005633178
This paper evaluates the impact of an area-based congestion pricing scheme in terms of its effectiveness on mitigating traffic congestion by using a system dynamics model. Unknown parameter values are calibrated using data available from the area-based pricing scheme implemented in the London...
Persistent link: https://www.econbiz.de/10010743832
influences and parameter estimations may seriously vary and thus lead to different simulation results. Linguistic variables are … quantitative data as a basis for simulation. Applying fuzzy logic may enhance confidence in the validity of the model. …
Persistent link: https://www.econbiz.de/10010749302
Construction activity in Kenya fluctuates excessively and grows very slowly. This feature causes adverse effects on the construction industry. When a drastic fall in construction activity occurs, the industry loses its production capacity; manpower moves to other industries in the country and...
Persistent link: https://www.econbiz.de/10009200310
This paper continues consideration of computer simulation of a bank branch by means of GPSS World and structural … report on the development of a simulation model to examine the influence of skills, motivation and an emotional condition of …
Persistent link: https://www.econbiz.de/10011257917
The article examines an approach to the simulation of financial institution behavior (and bank in particular) based …
Persistent link: https://www.econbiz.de/10011261120
develops, validates, and applies a dynamic simulation model. The dynamic model endogenously represents Ontario's supply mix and …
Persistent link: https://www.econbiz.de/10011077656
This paper presents a system dynamics computer model to predict population growth, solid waste production, electricity generation from solid waste and percentage of total electricity demand supplied from the solid waste of Dhaka, Bangladesh. Simulated solid waste generation in Dhaka agrees well...
Persistent link: https://www.econbiz.de/10010807163
Coal is the dominating energy source in China. Although the supply and demand of coal has kept equilibrium along with China's continuous and steady economic development in recent years, the sustainable production ability has been seriously decreasing. In this paper, a system dynamics model is...
Persistent link: https://www.econbiz.de/10010808108
What happens within the university-based research enterprise when a federal funding agency abruptly changes research grant funding levels, up or down? We use simple difference equation models to show that an apparently modest increase or decrease in funding levels can have dramatic effects on...
Persistent link: https://www.econbiz.de/10010907916