Probability Methods for Cost Uncertainty Analysis

Probability Methods for Cost Uncertainty Analysis
Title Probability Methods for Cost Uncertainty Analysis PDF eBook
Author Paul R. Garvey
Publisher CRC Press
Pages 526
Release 2016-01-06
Genre Mathematics
ISBN 148221976X

Download Probability Methods for Cost Uncertainty Analysis Book in PDF, Epub and Kindle

Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition gives you a thorough grounding in the analytical methods needed for modeling and measuring uncertainty in the cost of engineering systems. This includes the treatment of correlation between the cost of system elements, how to present the analysis to

Uncertainty Analysis for Engineers and Scientists

Uncertainty Analysis for Engineers and Scientists
Title Uncertainty Analysis for Engineers and Scientists PDF eBook
Author Faith A. Morrison
Publisher Cambridge University Press
Pages 389
Release 2021-01-07
Genre Computers
ISBN 1108478352

Download Uncertainty Analysis for Engineers and Scientists Book in PDF, Epub and Kindle

Build the skills for determining appropriate error limits for quantities that matter with this essential toolkit. Understand how to handle a complete project and how uncertainty enters into various steps. Provides a systematic, worksheet-based process to determine error limits on measured quantities, and all likely sources of uncertainty are explored, measured or estimated. Features instructions on how to carry out error analysis using Excel and MATLAB®, making previously tedious calculations easy. Whether you are new to the sciences or an experienced engineer, this useful resource provides a practical approach to performing error analysis. Suitable as a text for a junior or senior level laboratory course in aerospace, chemical and mechanical engineering, and for professionals.

Science and Judgment in Risk Assessment

Science and Judgment in Risk Assessment
Title Science and Judgment in Risk Assessment PDF eBook
Author National Research Council
Publisher National Academies Press
Pages 668
Release 1994-01-01
Genre Science
ISBN 030904894X

Download Science and Judgment in Risk Assessment Book in PDF, Epub and Kindle

The public depends on competent risk assessment from the federal government and the scientific community to grapple with the threat of pollution. When risk reports turn out to be overblownâ€"or when risks are overlookedâ€"public skepticism abounds. This comprehensive and readable book explores how the U.S. Environmental Protection Agency (EPA) can improve its risk assessment practices, with a focus on implementation of the 1990 Clean Air Act Amendments. With a wealth of detailed information, pertinent examples, and revealing analysis, the volume explores the "default option" and other basic concepts. It offers two views of EPA operations: The first examines how EPA currently assesses exposure to hazardous air pollutants, evaluates the toxicity of a substance, and characterizes the risk to the public. The second, more holistic, view explores how EPA can improve in several critical areas of risk assessment by focusing on cross-cutting themes and incorporating more scientific judgment. This comprehensive volume will be important to the EPA and other agencies, risk managers, environmental advocates, scientists, faculty, students, and concerned individuals.

Integrated Cost-Schedule Risk Analysis

Integrated Cost-Schedule Risk Analysis
Title Integrated Cost-Schedule Risk Analysis PDF eBook
Author Dr David Hulett
Publisher Gower Publishing, Ltd.
Pages 241
Release 2012-09-28
Genre Business & Economics
ISBN 1409459101

Download Integrated Cost-Schedule Risk Analysis Book in PDF, Epub and Kindle

Project managers tend to believe their cost estimates - whether they have exceeded budgets in the past or not. It is dangerous to accept the engineering cost estimates, which are often optimistic or unrealistic. Though cost estimates incorporate contingency reserves below-the-line, these estimates of reserves often do not benefit from a rigorous assessment of risk to project costs. Risks to cost come from multiple sources including uncertain project duration, which is often ignored in cost risk analyses. In short, experience shows that cost estimating on projects is rarely successful - cost overruns routinely occur. There are effective ways to estimate the impact on the cost of complex projects from project risks of all types, including traditional cost-type risks and the indirect but often substantial impact from risks usually thought of as affecting project schedules. Integrated cost-schedule risk anlaysis helps us determine how likely the project will go over budget with the current plan, how much contingency reserve is required to achieve a desired level of certainty, and which risks are most important so the project manager can mitigate them and achieve a better result. Integrated Cost-Schedule Risk Analysis provides solutions for these and other challenges. This book follows on from David Hulett's highly-praised Practical Schedule Risk Analysis. It focuses on the way that schedule risk can generate cost risk, and how to handle this relationship. It also applies the Risk Driver Method to the analysis so that you can clearly and transparently identify the key risks, rather than just the most risky cost line items. With detailed worked examples and over 70 illustrations, Integrated Cost-Schedule Risk Analysis offers the definitive guide to this critically important aspect of project management from surely the world's leading commentator.

Uncertainty

Uncertainty
Title Uncertainty PDF eBook
Author Millett Granger Morgan
Publisher Cambridge University Press
Pages 354
Release 1990
Genre Business & Economics
ISBN 9780521427449

Download Uncertainty Book in PDF, Epub and Kindle

A risk analysis textbook which is intended as a basic text for students as well as a reference for practitioners and researchers. It provides a basis for policy analysis and draws upon a variety of case studies.

GAO Cost Estimating and Assessment Guide

GAO Cost Estimating and Assessment Guide
Title GAO Cost Estimating and Assessment Guide PDF eBook
Author Barry Leonard
Publisher DIANE Publishing
Pages 438
Release 2009-11
Genre
ISBN 143791702X

Download GAO Cost Estimating and Assessment Guide Book in PDF, Epub and Kindle

To use public funds effectively, the gov¿t. must meet the demands of today's changing world by employing effective mgmt. practices and processes, including the measurement of gov¿t. program performance. Legislators, gov¿t. officials, and the public want to know whether gov¿t. programs are achieving their goals and what their costs are. To make those evaluations, reliable cost information is required and fed. standards have been issued for the cost accounting that is needed to prepare that information. This Cost Guide has been developed in order to establish a consistent methodology that is based on best practices and that can be used across the fed. gov¿t. for developing, managing, and evaluating capital program cost estimates. Illustrations.

Cost Estimation

Cost Estimation
Title Cost Estimation PDF eBook
Author Gregory K. Mislick
Publisher John Wiley & Sons
Pages 356
Release 2015-05-04
Genre Business & Economics
ISBN 1118536134

Download Cost Estimation Book in PDF, Epub and Kindle

Presents an accessible approach to the cost estimation tools, concepts, and techniques needed to support analytical and cost decisions Written with an easy-to-understand approach, Cost Estimation: Methods and Tools provides comprehensive coverage of the quantitative techniques needed by professional cost estimators and for those wanting to learn about this vibrant career field. Featuring the underlying mathematical and analytical principles of cost estimation, the book focuses on the tools and methods used to predict the research and development, production, and operating and support costs for successful cost estimation in industrial, business, and manufacturing processes. The book begins with a detailed historical perspective and key terms of the cost estimating field in order to develop the necessary background prior to implementing the presented quantitative methods. The book proceeds to fundamental cost estimation methods utilized in the field of cost estimation, including working with inflation indices, regression analysis, learning curves, analogies, cost factors, and wrap rates. With a step-by-step introduction to the practicality of cost estimation and the available resources for obtaining relevant data, Cost Estimation: Methods and Tools also features: Various cost estimating tools, concepts, and techniques needed to support business decisions Multiple questions at the end of each chapter to help readers obtain a deeper understanding of the discussed methods and techniques An overview of the software used in cost estimation, as well as an introduction to the application of risk and uncertainty analysis A Foreword from Dr. Douglas A. Brook, a professor in the Graduate School of Business and Public Policy at the Naval Postgraduate School, who spent many years working in the Department of Defense acquisition environment Cost Estimation: Methods and Tools is an excellent reference for academics and practitioners in decision science, operations research, operations management, business, and systems and industrial engineering, as well as a useful guide in support of professional cost estimation training and certification courses for practitioners. The book is also appropriate for graduate-level courses in operations research, operations management, engineering economics, and manufacturing and/or production processes.