Conference paper
Assessment of Transport Infrastructure Projects by the use of Monte Carlo Simulation: The CBA-DK Model
This paper presents the Danish CBA-DK software model for assessment of transport infrastructure projects. The as-sessment model is based on both a deterministic calcula-tion following the cost-benefit analysis (CBA) methodol-ogy in a Danish manual from the Ministry of Transport and on a stochastic calculation, where risk analysis (RA) is car-ried out using Monte Carlo Simulation (MCS).
After a de-scription of the deterministic and stochastic calculations emphasis is paid to the RA part of CBA-DK with consid-erations about which probability distributions to make use of. Furthermore, a comprehensive assessment of the set of distributions are made. Finally conclusions and a perspec-tive are presented.
| Language: | English |
|---|---|
| Publisher: | IEEE |
| Year: | 2006 |
| Pages: | 1537-1544 |
| Proceedings: | Winter Simulation Conference 2006 |
| ISBN: | 1424405009 , 9781424405008 , 1424405017 and 9781424405015 |
| Types: | Conference paper |
| DOI: | 10.1109/WSC.2006.322924 |
| ORCIDs: | Leleur, Steen |
CBA-DK model Collaborative software Cost benefit analysis Europe Manuals Monte Carlo methods Monte Carlo simulation OFDM modulation Probability distribution Risk analysis Stochastic processes Traffic control Vehicles cost-benefit analysis probability distributions project management risk analysis statistical distributions transport infrastructure projects transportation
