Quantitative Risk Management and Decision Making in Construction - Softcover

Singh, Amarjit

 
9780784414637: Quantitative Risk Management and Decision Making in Construction
Softcover
ISBN 10: 0784414637 ISBN 13: 9780784414637
Publisher: American Society of Civil Engineers, 2017

Synopsis

Quantitative Risk Management and Decision Making in Construction introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects.

Singh addresses such topics as probabilistic cost estimating, contingency analysis, cause-effect diagrams, FAST diagrams, and decision trees, and explains the tools available to quantify risks such as payoff matrices, Bayes’ theory, matrix analysis, and analytical hierarchy process. Finally, Singh shows how the information gained from analysis can be applied to mitigate risks using a risk analysis card game, monitoring performance, and managing inventory.

Intended for graduate and upper-level undergraduate students, each topic is accompanied by numerous examples, drawings, and exercises to illustrate and reinforce these concepts. In addition, the common techniques can be executed by business and construction managers for practical construction risk assessment.

"synopsis" may belong to another edition of this title.

Publisher
American Society of Civil Engineers
Publication date
2017
Language
English
ISBN 10 
0784414637
ISBN 13 
9780784414637
Binding
Paperback
Number of pages
308