0
views
0
recommends
+1 Recommend
1 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      A Conceptual Study on the Monte Carlo Simulation for Cost Forecasting in the Green Building Project

      , , ,

      Environment-Behaviour Proceedings Journal

      e-IPH Ltd.

      Read this article at

      ScienceOpenPublisher
      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          Monte Carlo Simulation is a mathematical technique that generates random variables for modelling risk. This technique is suitable and benefits to the various client such as public and private sector to evaluate the realistic costing proposed by the Quantity Surveyor. Through this approach, quality of life received by the client in investing budget without waste of propose funding in the construction project. The methodology used is a qualitative approach consist of case study and document analysis. The result shows through Monte Carlo simulation, can predict the worst return from the accuracy of the estimation and given absolute confidence for project development.

          Related collections

          Author and article information

          Journal
          Environment-Behaviour Proceedings Journal
          E-BPJ
          e-IPH Ltd.
          2398-4287
          March 20 2020
          March 23 2020
          : 5
          : 13
          : 75
          Article
          10.21834/e-bpj.v5i13.2101
          © 2020

          This work is licensed under a Creative Commons Attribution 4.0 Unported License. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-nd/4.0/

          Comments

          Comment on this article