Research on Risk Management of Power Engineering Construction Bidding Based on Monte Carlo Simulation Technology

2021 ◽  
Vol 10 (02) ◽  
pp. 175-182
Author(s):  
华 郑
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Power Engineering ◽  
Simulation Technology ◽  
Engineering Construction

On Using Monte Carlo Simulations for Project Risk Management

2016 ◽  
pp. 150-173
Author(s):  
Cristiana Tudor ◽  
Maria Tudor
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Decision Makers ◽  
Project Schedule ◽  
Project Risk ◽  
Monte Carlo Simulation Technique ◽  
Basic Probability ◽  
The Cost

This chapter covers the essentials of using the Monte Carlo Simulation technique (MSC) for project schedule and cost risk analysis. It offers a description of the steps involved in performing a Monte Carlo simulation and provides the basic probability and statistical concepts that MSC is based on. Further, a simple practical spreadsheet example goes through the steps presented before to show how MCS can be used in practice to assess the cost and duration risk of a project and ultimately to enable decision makers to improve the quality of their judgments.

scholarly journals Some Results on Measures of Interaction between Paired Risks

Risks ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 88 ◽  
Author(s):  
Rui Fang ◽  
Xiaohu Li
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Risk Measures ◽  
Dependence Structure ◽  
Marginal Distributions ◽  
Numerical Examples ◽  
Risk Contribution ◽  
Actuarial Risk

Co-risk measures and risk contribution measures have been introduced to evaluate the degree of interaction between paired risks in actuarial risk management. This paper attempts to study the ordering behavior of measures on interaction between paired risks. For various co-risk measures and risk contribution measures, we investigate how the marginal distributions and the dependence structure impact on the level of interaction between paired risks. Also, several numerical examples based on Monte Carlo simulation are presented to illustrate the main findings.

scholarly journals Monte Carlo simulation technology based on characteristic γ-ray spectrum analysis

2020 ◽  
Vol 69 (11) ◽  
pp. 112801
Author(s):  
Li Deng ◽  
Rui Li ◽  
Xin Wang ◽  
Yuan-Guang Fu
Keyword(s):  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Spectrum Analysis ◽  
Simulation Technology ◽  
Γ Ray

Analysis of Risk Management in Electric Power Engineering Construction

2019 ◽  
Vol 4 (1) ◽  
pp. 19-20
Author(s):  
Bingbing Luo ◽  
Keyword(s):  
Risk Management ◽  
Electric Power ◽  
Power Engineering ◽  
Engineering Construction ◽  
Electric Power Engineering ◽  
Probability Of Occurrence ◽  
Management Measures

The construction of power engineering is a basic undertaking in China, and it is also one of the sources of power for China’s development. Because there are many links in the construction of electric power projects, the probability of occurrence of risks is relatively high, and it is easy to cause accidents in subsequent projects and lead to the failure of electric power projects. In order to be able to solve this problem, risk management measures can be taken, the paper analyzes the risk management in the construction of electric power projects.

The Research of Construction Project Risk Management Based on Monte Carlo Method and Fuzzy Mathematics

2012 ◽  
Vol 442 ◽  
pp. 341-345
Author(s):  
Si Dong Xu ◽  
Xiao Li Cai ◽  
Wei Liu
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Monte Carlo Method ◽  
Qualitative Analysis ◽  
Quantitative Research ◽  
Construction Project ◽  
Negative Influence ◽  
Fuzzy Mathematics ◽  
Project Risk

A lot of risks of management occur under the process of the construction project, and it will always bring more tremendous negative influence to the project goal. Therefore, there should have the effective risk method for the project superintendent to forecast the risk occurrence and reduce the loss which the risk brings. There are lots of methods about risks management under the process of the construction project at present and most of the method emphasize particularly on qualitative analysis. This article presents a method which base on the knowledge of Monte Carlo Simulation. It will combine the qualitative analysis and quantitative research and puts forward a new solution.

Procurement Risk Management of Engineering Materials Based on Uncertain Rising Prices

2012 ◽  
Vol 174-177 ◽  
pp. 3219-3222
Author(s):  
Hui Chen
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Calculation Method ◽  
Economic Order Quantity ◽  
Purchasing Management ◽  
Order Quantity ◽  
Management Method ◽  
Engineering Materials ◽  
Procurement Risk

Practical risk purchasing management method of engineering materials is put forward by using Monte Carlo Simulation. First, the calculation method of economic order quantity is put forward based on rising price. Second, appropriate insurance inventory is calculated when material requirements is variable.

Investment risk management in Tehran Stock Exchange (TSE) using technique of Monte Carlo Simulation (MCS)

2010 ◽  
Vol 17 (2) ◽  
pp. 265-278 ◽  
Author(s):  
Darush Farid ◽  
Alireza Rajabipoor Meybodi ◽  
Seyed Heydar Mirfakhraddiny
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Stock Exchange ◽  
Investment Risk
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