Study of cost-time-quality in project failure risk assessment based on monte carlo simulation

Xing Pan; Zi Ling Xin

doi:10.1007/978-3-642-38391-5_144

Study of cost-time-quality in project failure risk assessment based on monte carlo simulation

Xing Pan
, Zi Ling Xin^*

^*Corresponding author for this work

School of Reliability and Systems Engineering

Beihang University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

In order to analyze project failure risk, the quality factor, added on the basis of cost-time joint risk assessment, are showed by the degree of deviation and expressed by 2-norm firstly. Secondly, considering the cost-time-quality factors jointly, the joint distribution model of cost-time based on the Monte Carlo model is established; meanwhile, the definition of project failure risk value is given. Last, an example is given based on Program Evaluation Review Technique (PERT) to simulate and analyse project failure risk through Monte Carlo Simulation (MCS).

Original language	English
Title of host publication	19th International Conference on Industrial Engineering and Engineering Management
Subtitle of host publication	Assistive Technology of Industrial Engineering
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	1361-1368
Number of pages	8
ISBN (Print)	9783642383908
DOIs	https://doi.org/10.1007/978-3-642-38391-5_144
State	Published - 2013
Event	19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering - Changsha, China Duration: 27 Oct 2012 → 29 Oct 2012

Publication series

Name	19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering

Conference

Conference	19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering
Country/Territory	China
City	Changsha
Period	27/10/12 → 29/10/12

Keywords

Cost-time-quality
Engineering project failure risk
Monte Carlo Simulation
The degree of deviation

Access to Document

10.1007/978-3-642-38391-5_144

Cite this

Pan, X., & Xin, Z. L. (2013). Study of cost-time-quality in project failure risk assessment based on monte carlo simulation. In 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering (pp. 1361-1368). (19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-642-38391-5_144

Pan, Xing ; Xin, Zi Ling. / Study of cost-time-quality in project failure risk assessment based on monte carlo simulation. 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering. Springer Science and Business Media Deutschland GmbH, 2013. pp. 1361-1368 (19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering).

@inproceedings{b9bed6a39df7419ba435321052ab17ab,

title = "Study of cost-time-quality in project failure risk assessment based on monte carlo simulation",

abstract = "In order to analyze project failure risk, the quality factor, added on the basis of cost-time joint risk assessment, are showed by the degree of deviation and expressed by 2-norm firstly. Secondly, considering the cost-time-quality factors jointly, the joint distribution model of cost-time based on the Monte Carlo model is established; meanwhile, the definition of project failure risk value is given. Last, an example is given based on Program Evaluation Review Technique (PERT) to simulate and analyse project failure risk through Monte Carlo Simulation (MCS).",

keywords = "Cost-time-quality, Engineering project failure risk, Monte Carlo Simulation, The degree of deviation",

author = "Xing Pan and Xin, \{Zi Ling\}",

year = "2013",

doi = "10.1007/978-3-642-38391-5\_144",

language = "英语",

isbn = "9783642383908",

series = "19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering",

publisher = "Springer Science and Business Media Deutschland GmbH",

pages = "1361--1368",

booktitle = "19th International Conference on Industrial Engineering and Engineering Management",

address = "德国",

note = "19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering ; Conference date: 27-10-2012 Through 29-10-2012",

}

Pan, X & Xin, ZL 2013, Study of cost-time-quality in project failure risk assessment based on monte carlo simulation. in 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering. 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering, Springer Science and Business Media Deutschland GmbH, pp. 1361-1368, 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering, Changsha, China, 27/10/12. https://doi.org/10.1007/978-3-642-38391-5_144

Study of cost-time-quality in project failure risk assessment based on monte carlo simulation. / Pan, Xing; Xin, Zi Ling.
19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering. Springer Science and Business Media Deutschland GmbH, 2013. p. 1361-1368 (19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Study of cost-time-quality in project failure risk assessment based on monte carlo simulation

AU - Pan, Xing

AU - Xin, Zi Ling

PY - 2013

Y1 - 2013

N2 - In order to analyze project failure risk, the quality factor, added on the basis of cost-time joint risk assessment, are showed by the degree of deviation and expressed by 2-norm firstly. Secondly, considering the cost-time-quality factors jointly, the joint distribution model of cost-time based on the Monte Carlo model is established; meanwhile, the definition of project failure risk value is given. Last, an example is given based on Program Evaluation Review Technique (PERT) to simulate and analyse project failure risk through Monte Carlo Simulation (MCS).

AB - In order to analyze project failure risk, the quality factor, added on the basis of cost-time joint risk assessment, are showed by the degree of deviation and expressed by 2-norm firstly. Secondly, considering the cost-time-quality factors jointly, the joint distribution model of cost-time based on the Monte Carlo model is established; meanwhile, the definition of project failure risk value is given. Last, an example is given based on Program Evaluation Review Technique (PERT) to simulate and analyse project failure risk through Monte Carlo Simulation (MCS).

KW - Cost-time-quality

KW - Engineering project failure risk

KW - Monte Carlo Simulation

KW - The degree of deviation

UR - https://www.scopus.com/pages/publications/84891508480

U2 - 10.1007/978-3-642-38391-5_144

DO - 10.1007/978-3-642-38391-5_144

M3 - 会议稿件

AN - SCOPUS:84891508480

SN - 9783642383908

T3 - 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering

SP - 1361

EP - 1368

BT - 19th International Conference on Industrial Engineering and Engineering Management

PB - Springer Science and Business Media Deutschland GmbH

T2 - 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering

Y2 - 27 October 2012 through 29 October 2012

ER -

Pan X, Xin ZL. Study of cost-time-quality in project failure risk assessment based on monte carlo simulation. In 19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering. Springer Science and Business Media Deutschland GmbH. 2013. p. 1361-1368. (19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering). doi: 10.1007/978-3-642-38391-5_144

Study of cost-time-quality in project failure risk assessment based on monte carlo simulation

Abstract

Publication series

Conference

Keywords

Access to Document

Other files and links

Fingerprint

Cite this