Probability methods for cost uncertatinty analysis : a systems engineering perspective

Bibliographic Information

Probability methods for cost uncertatinty analysis : a systems engineering perspective

Paul R. Garvey

Marcel Dekker, c2000

Available at  / 3 libraries

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Includes bibliographical references and indexes

Description and Table of Contents

Description

A careful blend of theory and practice, this book presents a comprehensive approach to assessing the impact of unplanned events on the cost of engineering complex systems. It illustrates how probability theory is applied to model, measure, and manage risk in the cost of a systems engineering project. The book contains numerous mathematical and professional anecdotes, case studies, results, observations, and interpretations that clarify the challenges in cost risk analysis. It includes references, equations, and illustrations, provides theoretical and applied exercises, and uses examples and case discussions derived from systems engineering projects to describe key concepts.

Table of Contents

Uncertainty and the Role of Probability in Cost Analysis Concepts of Probability Theory Distributions and the Theory of Expectation Special Distributions for Cost Uncertainty Analysis Functions of Random Variables and Their Application to Cost Uncertainty Analysis System Cost Uncertainty Analysis Modeling Cost and Schedule Uncertainties-An Application of Joint Probability Theory Epilogue: Considerations and Recommended Practices Appendix A: Statistical Tables and Related Integrals Appendix B: The Bivariate Normal-LogNormal Distribution Appendix C: The Bivariate LogNormal Distribution

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