Quantitative Techniques for Decision Making in Construction
Hong Kong University Press, Jun 1, 2004 - Technology & Engineering - 228 pages
This is a text book as well as a reference book for decision making in construction. The book is written to serve undergraduates of construction-related programmes and postgraduate students undertaking construction management bridging courses. It contains mainly quantitative techniques used to assist decision making, including analytic hierarchy process (AHP), decision theories, conditional probabilities and the value of information, inventory modeling, dynamic programming, Monte-Carlo simulation, CYCLONE simulation modeling, information systems and process of decision making in construction. Plenty of real life examples are used to illustrate the theories, arguments and calculations. It is written in simple and easy to understand language. Readers will benefit from the book even by self studying because all the topics are described and developed in a logical and organized manner, from basic to complex. Moreover, the most up-to-date information on the development of AHP, simulation modelling, information systems and process of decision making are covered.
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11INFORMATION SYSTEMS AND PROCESS OF DECISION MAKING
12PLANNING AND SCHEDULING DECISION
Answers to Selected Exercise Questions
ABOUT THE AUTHORS
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Analytic Hierarchy Process bar chart batch beta distribution breakdown structure calculations carrying cost chance node Chapter COMBI activity concrete contract contractor cost per day critical path method crushing plant cumulative CYCLONE model decision maker decision node decision problem decision tree Distance from node duration dynamic programming Dynamic Programming Language EMV criterion Engineering estimated Example Exercise Questions Question expected monetary value Factor foremen geometric mean inventory value investment left eigenvector approach method million monetary value Monte Carlo Simulation node 11 number of orders obtained optimal order of objects ordering cost outcome overall pairwise comparisons priority vector probability profit project management QUEUE node rank reversal re-order level reciprocal matrix represented resource entities right eigenvector approach seismic test shown in Fig solution Stage station Step stockout cost Table Tang techniques tender tobe repaired tonnes total inventory cost truckmixer Turn-around and Dump utility curve utility values