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Persistent link: https://www.econbiz.de/10003514976
An important requirement for simulating repetitive projects is to treat correlations inherent in the repetition of same crews working at various locations. To attain the requirement, this study develops a new Monte Carlo simulation model implementing a Gaussian copula in conjunction with the...
Persistent link: https://www.econbiz.de/10005482469
The line of balance (LOB) method has long been used to model construction projects with repetitive units. Critics, however, indicate two major shortcomings of applying LOB in the construction industry: (1) it has not yet been adapted to numerical computation as readily as network methods; and...
Persistent link: https://www.econbiz.de/10005438508