Risk assessment of construction projects using Monte Carlo simulation

PurposeThis paper aims to develop a process for prioritizing project risks that integrates the decision-maker's risk attitude, uncertainty about risks both in terms of the associated probability and impact ratings, and correlations across risk assessments.Design/methodology/approachThis paper a...

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Bibliographic Details

Published in:	International journal of managing projects in business Vol. 14; no. 5; pp. 1202 - 1218
Main Authors:	Qazi, Abroon, Simsekler, Mecit Can Emre
Format:	Journal Article
Language:	English
Published:	Bingley Emerald Publishing Limited 06.07.2021 Emerald Group Publishing Limited
Subjects:	Attitudes Construction industry Expected utility Fuzzy sets Monte Carlo simulation Product development Project management Risk assessment Risk exposure Risk matrix Risk attitude Risk assessment Monte Carlo simulation Project risks
ISSN:	1753-8378, 1753-8386
Online Access:	Get full text
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