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Probability Methods for Cost Uncertainty Analysis - A Systems Engineering Perspective, Second Edition (Hardcover, 2nd edition)
Loot Price: R3,740
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Probability Methods for Cost Uncertainty Analysis - A Systems Engineering Perspective, Second Edition (Hardcover, 2nd edition)
Expected to ship within 12 - 17 working days
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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 decision-makers, and the
use of bivariate probability distributions to capture joint
interactions between a system's cost and schedule. Analytical
techniques from probability theory are stressed, along with the
Monte Carlo simulation method. Numerous examples and case
discussions illustrate the practical application of theoretical
concepts. While the original chapters from the first edition remain
unchanged, this second edition contains new material focusing on
the application of theory to problems encountered in practice.
Highlights include the use of GERM to build development and
production cost estimating relationships as well as the eSBM, which
was developed from a need in the community to offer simplified
analytical alternatives to advanced probability-based approaches.
The book also lists the major technical works of the late Dr.
Stephen A. Book, a mathematician and world-renowned cost analyst
whose contributions advanced the theory and practice of cost risk
analysis.
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