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  • ASCE
    Quantitative Risk Management and Decision Making in Construction
    Edition: 2017
    $79.35
    / user per year

Content Description

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’ theorem, 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, by monitoring performance, and by 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.

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About ASCE

Founded in 1852, the American Society of Civil Engineers (ASCE) represents more than 140,000 members of the civil engineering profession worldwide and is America's oldest national engineering society. ASCE's Mission Provide essential value to our members and partners, advance civil engineering, and serve the public good.

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